Daily limit: 0/10
Binpeng Ou & Su Zhen Weng Acquire Multifamily Building In Corona, Queens For $3.2M
SOLD
$3,170,543
New York
See Similar DealsMultiFamily6,786 SF
Sold 10/31/2023
SOLD
Binpeng Ou & Su Zhen Weng Acquire Multifamily Building In Corona, Queens For $3.2M
108-52 Roosevelt Avenue
See Similar DealsMultiFamily6,786 SF
Sold 10/31/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$467
Total Square Footage:6,786 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$169,095.62
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,264.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,029.99
Annual Debt Service$180,359.90
Is there something missing? Send suggestions