Carmelle Bellefleur Acquires Multifamily Property In Corona, Queens For $4.88M
SOLD
$4,875,000
New York
See Similar DealsMultiFamily32,184 SF
Sold 03/27/2020
SOLD
Carmelle Bellefleur Acquires Multifamily Property In Corona, Queens For $4.88M
111-17 Northern Blvd, Flushing, NY 11369, USA
See Similar DealsMultiFamily32,184 SF
Sold 03/27/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$151
Total Square Footage:32,184 SF
Transaction Type:Sale
The multifamily property located at 111-17 Northern Blvd in Corona, Queens has been sold for a total price of $4,875,000. The property spans a total area of 32,184 square feet, resulting in a price per square foot of $149. The property consists of 38 units, with a price per unit of $125,921.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,875,000
- Square Footage: 32,184
- Price per Square Foot: $149
- Number of Units: 38
- Price per Unit: $125,921
The seller of this property is Dhiren Mehta, and the buyer is Carmelle Bellefleur. The transaction was facilitated by brokers Stephen R. Preuss and Kevin Louie from @TeamPreuss @CushWake, along with Amit Doshi from @Meridian.Capital.Group @TeamDoshi.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$259,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,319.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,109.99
Annual Debt Service$277,319.85
Is there something missing? Send suggestions