Updated Dec 21, 2023
Qinyi Qu Acquires Multifamily Property In Corona, Queens For $3.1M
63 Roosevelt Avenue, Queens, New York 11368, United States
$3,116,840
$509/SF
Building Size
6,124 SF
Asset Type
MultiFamily
Closing
May 5, 2022
About this deal
AI
The multifamily property located at 108-63 Roosevelt Avenue in Corona, Queens has been sold. The transaction took place on 05/06/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,116,840
- Address: 108-63 Roosevelt Avenue
- Market: Corona, Queens
- Buyer: Qinyi Qu
- Seller: John Po Sheng Hsu
The property spans over 6,124 square feet with a price per square foot of $508. It has a building square footage of 5,832 with a price per square foot of $534. The property is classified as tax class 2B and has a floor area ratio (FAR) of 2.10.
The lot has a size of 2,916 and its dimensions are 23.4 ft x 125 ft.
Players
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
5.09%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93