Updated Dec 4, 2024
Xiao Guo Huang's Da Vinci 60 LLC Acquires MultiFamily Property In Corona, Queens For $3.4M
108-60 Roosevelt Avenue
$3,397,748
$502/SF
Building Size
6,758 SF
Asset Type
MultiFamily
Closing
Oct 31, 2023
About this deal
AI
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.
Players
Corona 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93