Updated Dec 4, 2024
Binpeng Ou & Su Zhen Weng Acquire Multifamily Building In Corona, Queens For $3.2M
108-52 Roosevelt Avenue
$3,170,543
$467/SF
Building Size
6,786 SF
Asset Type
MultiFamily
Closing
Oct 31, 2023
About this deal
AI
Binpeng Ou and Su Zhen Weng, operating through Bin & Su LLC, acquired a seven-unit residential walkup building at 108-52 Roosevelt Avenue in Corona, Queens. The property was sold by John Po Sheng Hsu's entity, 111 Roosevelt Development LLC, for a total price of $3.2 million.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,170,543
- Address: 108-52 Roosevelt Avenue
- Market: Corona, Queens
- Buyer: Binpeng Ou & Su Zhen Weng
- Seller: John Po Sheng Hsu
- Units: 7
- Price per Unit (PPU): $452,935
- Square Footage: 6,786
- Price per Square Foot (PPSF): $467
The buyers, Binpeng Ou and Su Zhen Weng, were represented by their broker Bin & Su LLC in this transaction.
Players
Avenue MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit John Po Sheng Hsu to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93