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43 24 Robinson Street

Yan Hong Wang And Yan Ying Wang Purchase Multifamily Building From Sam Chang In Flushing For $4.2M
SOLDMultiFamily

Yan Hong Wang And Yan Ying Wang Purchase Multifamily Building From Sam Chang In Flushing For $4.2M

43 24 Robinson Street

$4,200,000

$413/SF

Building Size

10,168 SF

Asset Type

MultiFamily

Closing

Jan 6, 2026

AI

A 12-unit residential elevator building located at 43-24 Robinson Street in Flushing, Queens, was sold for $4,200,000. The asset spans 10,168 square feet, resulting in a price per unit of $350,000 and a price per square foot of $413.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,200,000
  • Buyer: Yan Hong Wang & Yan Ying Wang
  • Seller: Sam Chang - McSam Hotel Group
  • Units: 12
  • Square Footage: 10,168
  • Price Per Unit: $350,000
  • Price Per Square Foot: $413

Yan Hong Wang and Yan Ying Wang are the buyers in this transaction, while Sam Chang represents McSam Hotel Group as the seller. The transaction reflects an active real estate market in Flushing, Queens, highlighting the demand for multifamily properties in the area.

Players

Sam Chang

McSam Hotel Group

Seller

$28.2M

vol

5 deals

Seller

Flushing 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

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93