Robert Cheung Acquires Multifamily Property In Corona, Queens For $3.36M
SOLD
New York
See Similar DealsMultiFamily6,124 SF
Sold 08/01/2022
SOLD
Robert Cheung Acquires Multifamily Property In Corona, Queens For $3.36M
55 Roosevelt Avenue, Queens, New York 11368, United States
See Similar DealsMultiFamily6,124 SF
Sold 08/01/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$548
Total Square Footage:6,124 SF
Transaction Type:Sale
The multifamily property located at 108-55 Roosevelt Avenue in Corona, Queens has been sold. The transaction took place on August 1, 2022. The property has a lot size of 2,916 square feet with dimensions of 23.4 ft x 125 ft. It falls under tax class 2B and has a floor area ratio (FAR) of 2.10.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,356,438
- Building Square Footage: 5,832
- Price per Square Foot: $575
- Lot Size: 2,916 square feet
- Lot Dimension: 23.4 ft x 125 ft
The buyer of the property is Robert Cheung, while John Po Sheng Hsu is the seller. The sale price for the property is $3,356,438. The building has a total square footage of 6,124, resulting in a price per square foot of $548.
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