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Xiao Guo Huang's Da Vinci 60 LLC Acquires MultiFamily Property In Corona, Queens For $3.4M

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SOLD
$3,397,748

New York

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MultiFamily6,758 SF
Sold 10/31/2023
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SOLD

Xiao Guo Huang's Da Vinci 60 LLC Acquires MultiFamily Property In Corona, Queens For $3.4M

108-60 Roosevelt Avenue

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MultiFamily6,758 SF
Sold 10/31/2023
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$502
Total Square Footage:6,758 SF
Transaction Type:Sale

Xiao Guo Huang, through Da Vinci 60 LLC, has purchased a seven-unit residential walkup building located at 108-60 Roosevelt Avenue in Corona, Queens. The property was sold by John Po Sheng Hsu's entity, 111 Roosevelt Development LLC, for a total of $3.4 million. The multi-family building spans across 6,758 square feet, with each unit having an average price per unit of $485,392. The price per square foot for the entire property is $503.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,397,748
  • Address: 108-60 Roosevelt Avenue, Corona, Queens
  • Market: Corona, Queens
  • Buyer: Xiao Guo Huang (Represented by Da Vinci 60 LLC)
  • Seller: John Po Sheng Hsu (Represented by 111 Roosevelt Development LLC)
  • Units: 7
  • Price Per Unit: $485,392
  • Square Footage: 6,758
  • Price Per Square Foot: $503

This transaction represents the acquisition of the residential property by Xiao Guo Huang through Da Vinci 60 LLC from John Po Sheng Hsu's entity, 111 Roosevelt Development LLC. These key individuals and companies played a significant role in the completion of the deal, contributing to the transfer of ownership for this multi-family building in Corona, Queens.

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10 deals$35.3M volume
SELLER

Details

SOLD
IMAGE: 10/31/2023 ADDRESS: 108-60 Roosevelt Avenue MARKET: Corona, Queens ASSET TYPE: MultiFamily BUYER: Xiao Guo Huang SELLER: John Po Sheng Hsu SALE PRICE: $3,397,748 UNITS: 7 ~ PPU: $485,392 SF: 6,758 ~ PPSF: $503 NOTE: Xiao Guo Huang, through Da Vinci 60 LLC, acquired a seven-unit residential walkup building at 108-60 Roosevelt Avenue in Corona, Queens, from John Po Sheng Hsu's entity, 111 Roosevelt Development LLC, for $3.4 million.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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