Updated Dec 20, 2023
Yang Xiaoxan Acquires Multifamily Property In Flushing For $1.55M
145-28 34th Avenue, Queens, New York 11354, United States
$1,550,000
$517/SF
Building Size
2,995 SF
Asset Type
MultiFamily
Closing
Oct 3, 2022
About this deal
AI
A multifamily property located at 145-28 34th Ave in Flushing has been sold for $1,550,000. The property consists of 3 units with a total square footage of 2,995. The price per unit comes out to be $516,667, while the price per square foot is $518. The sale took place on 10/04/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 145-28 34th Ave, Flushing
- Market: Flushing
The buyer of the property is Yang Xiaoxan and the seller is David Soloman. The sale was facilitated by Samantha Karaisaridis from Modern Spaces.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93