Updated Dec 20, 2023
Jun Keng Cheung, Robert Cheung, Jun Chun Zhang & Mei Lin Cheung Acquire Multifamily Property In Corona, Queens For $3.36M
108-53 Roosevelt Avenue, Queens, New York 11368, United States
$3,356,438
$546/SF
Building Size
6,138 SF
Asset Type
MultiFamily
Closing
Jul 31, 2022
About this deal
AI
The multifamily property located at 108-53 Roosevelt Avenue in Corona, Queens has been sold. The property has a building square footage (BSF) of 9,590, with a price per BSF of $349. The total square footage (SF) of the property is 6,138, and the price per SF is $546. The transaction took place on August 1, 2022, with a total sale price of $3,356,438. The property has a floor area ratio (FAR) of 1.28 and belongs to tax class 2B. The lot size is 4,795, with dimensions of 38.4 ft x 125 ft.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,356,438
- Market: Corona, Queens
The buyers of the property are Jun Keng Cheung, Robert Cheung, Jun Chun Zhang, and Mei Lin Cheung. The seller is John Po SHeng Hsu.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.73%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93