Updated Dec 18, 2023
James Jian Cui Acquires Multifamily Property On Smart Street In Flushing For $4.85M
46-06 Smart St, Flushing, NY 11355, USA
$4,850,000
$30/SF
Building Size
160,000 SF
Asset Type
MultiFamily
Closing
May 16, 2019
About this deal
AI
The multifamily property located at 4606 Smart Street in Flushing has been sold for $4,850,000. Spanning across 16,000 square feet, the property was listed at a price of $303 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,850,000
- Address: 4606 Smart Street
- Market: Flushing
- SF: 16,000
- PPSF: $303
Ding Wai acted as the seller of the property, while James Jian Cui purchased it. The transaction was facilitated by @BarbieLiRealtor, representing either the buyer or the seller.
Players
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
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93