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Yan Hong Wang And Yan Ying Wang Purchase Multifamily Building From Sam Chang In Flushing For $4.2M
SOLD
$4,200,000
New York
See Similar DealsMultiFamily10,168 SF
Sold 01/06/2026
SOLD
Yan Hong Wang And Yan Ying Wang Purchase Multifamily Building From Sam Chang In Flushing For $4.2M
43 24 Robinson Street
See Similar DealsMultiFamily10,168 SF
Sold 01/06/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$413
Total Square Footage:10,168 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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