Updated Dec 21, 2023
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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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