Qinyi Qu Acquires Multifamily Property In Corona, Queens For $3.1M
SOLD
$3,116,840
New York
See Similar DealsMultiFamily6,124 SF
Sold 05/06/2022
SOLD
Qinyi Qu Acquires Multifamily Property In Corona, Queens For $3.1M
63 Roosevelt Avenue, Queens, New York 11368, United States
See Similar DealsMultiFamily6,124 SF
Sold 05/06/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$509
Total Square Footage:6,124 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$166,231.46
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,073.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,775.41
Annual Debt Service$177,304.94
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