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32-24 137th Street, Queens,...

Updated Dec 21, 2023

Yanjuan Chen Acquires Multifamily Property In Flushing, Queens For $3M
SOLDMultiFamily

Yanjuan Chen Acquires Multifamily Property In Flushing, Queens For $3M

32-24 137th Street, Queens, New York 11354, United States

$3,000,000

$567/SF

Building Size

5,286 SF

Asset Type

MultiFamily

Closing

Oct 12, 2022

About this deal

AI

The multifamily property located at 32-24 137th Street in Flushing, Queens has been sold for a total price of $3,000,000. The property consists of 8 units, resulting in a per unit price of $375,000. It has a building square footage of 5,999, with a per square foot price of $500. The total lot size is 5,286 square feet, with a per square foot price of $568.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Address: 32-24 137th Street, Flushing, Queens
  • Market: Flushing, Queens
  • Buyer: Yanjuan Chen
  • Seller: Chao Qun Zou
  • Units: 8
  • Price Per Unit: $375,000
  • Building Square Footage: 5,999
  • Price Per Building Square Foot: $500
  • Lot Size: 5,286 square feet
  • Price Per Square Foot: $568

Yanjuan Chen acted as the buyer in this transaction, while Chao Qun Zou served as the seller. Both parties successfully closed the deal on 10/13/2022.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $567 per square foot on a published $3M for 5,286 square feet (2022).

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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