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
Flushing MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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