Updated Dec 19, 2023
SOLDMultiFamily
Ken Lam Acquires East Flushing Multifamily For $3.9M
156-10 43rd Ave, Flushing, NY 11355, USA
$3,900,000
$73/SF
Building Size
52,800 SF
Asset Type
MultiFamily
Closing
Nov 8, 2018
About this deal
AI
The multifamily property located at 156-06 43rd Ave and 156-10 43rd Ave in East Flushing has been sold for a price of $3,900,000. The property spans 5,280 square feet, resulting in a price per square foot of $738.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Address: 156-06 43rd Ave, 156-10 43rd Ave
- Market: East Flushing
- Size: 5,280 square feet
- Price per Square Foot: $738
The seller of the property was Johnnie Lin, while the buyer was Ken Lam.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93