Jun Keng Cheung, Robert Cheung, Jun Chun Zhang & Mei Lin Cheung Acquire Multifamily Property In Corona, Queens For $3.36M
SOLD
New York
See Similar DealsMultiFamily6,138 SF
Sold 08/01/2022
SOLD
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
See Similar DealsMultiFamily6,138 SF
Sold 08/01/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$546
Total Square Footage:6,138 SF
Transaction Type:Sale
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.
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)
$179,010.02
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,924.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,911.23
Annual Debt Service$190,934.74
Is there something missing? Send suggestions