Updated Oct 29, 2024
XIN Development Group International Acquires Property In Jackson Heights For $66M With Christina Ying As Seller's Representative
13535 Northern BLVD, Queens, NY, 11...
$66,000,000
$177/SF
Building Size
372,598 SF
Asset Type
MultiFamily
Closing
Aug 4, 2016
About this deal
AI
The property asset, located at 13535 Northern BLVD, Queens, NY, is situated in the Jackson Heights market. The transaction was completed for a price of $66,000,000.00 with a total square footage of 372,598.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $66,000,000.00
- Address: 13535 Northern BLVD, Queens, NY
- Market: Jackson Heights
- Seller's Representative: Christina Ying (Herrick Feinstein)
- Buyer: XIN Development Group International
Christina Ying represented the seller in this transaction, while the buyer, XIN Development Group International, finalized the purchase of the property located in a key commercial area.
Players
Jackson Heights 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93