Shao Shuang Huang Acquires Multi Family Property In Downtown Flushing, Queens For $4.7M

The multi-family property located at 41-58 College Point Blvd in Downtown Flushing, Queens has been sold in a transaction completed on 12/09/2021. The property is zoned as R6 and C2-3 and has a total buildable square footage (BSF) of 5,958. The purchase price for this property was $4,700,000, resulting in a price per buildable square footage (PPBSF) of $789. The total square footage (SF) of the property is 7,760, with a price per square footage (PPSF) of $606.

Summary of transaction details

• Property Type: Multi-Family
• Transaction Amount: $4,700,000
• Market: Downtown Flushing, Queens
• Zoning: R6, C2-3

The buyer of this property is Shao Shuang Huang, while the seller is Angela Lam. The property's floor area ratio (FAR) is 3.16, and it falls under tax class 2B. The lot size is 2,452 square feet, with dimensions of 25 feet by 98.08 feet. The previous sale of this property took place on 12/16/2014, with a sale price of $3,800,000.