Updated Dec 21, 2023
An Rou Chen Acquires Multifamily Property In Corona, Queens For $3.1M
67 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
An multifamily property located at 108-67 Roosevelt Avenue in Corona, Queens was recently sold in a closed transaction. The property has a lot size of 2,916 with lot dimensions measuring 23.4 ft x 125 ft. The property is classified as Tax Class 2B and has a Floor Area Ratio (FAR) of 2.10. The sale date was on 05/06/2022, and the transaction involved a total of $3,116,840. The building has a total square footage of 6,124 with a price per square foot (PPSF) of $508. The building also has a gross square footage (BSF) of 5,832 with a price per square foot (PPSF) of $534.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,116,840
- Market: Corona, Queens
- Buyer: An Rou Chen
- Seller: John Po Sheng Shu
The buyer in this transaction is An Rou Chen, while the seller is John Po Sheng Shu. The deal involved a lot size of 2,916 with lot dimensions measuring 23.4 ft x 125 ft. The property is classified as Tax Class 2B and has a Floor Area Ratio (FAR) of 2.10.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit John Po Sheng Hsu to view all their deals.
Browse New York multifamily sales on Traded.
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