Updated May 12, 2025
Xin Lu Acquires Multifamily Property In Queens From Trocha Family Estate For $1.27M
70-16 66th Street, Queens, Flushing, NY, USA
$1,270,000
$222/SF
Building Size
5,700 SF
Asset Type
MultiFamily
Closing
Aug 26, 2021
About this deal
AI
The property asset involved in the transaction is a multifamily unit located at 70-16 66th Street in Queens. It was listed with an asking price of $1,325,000 and sold for $1,270,000. The total square footage of the asset is 5,700, resulting in a price per square foot of $222. The tax class for this property is 2A.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,270,000
- Address: 70-16 66th Street
- Market: Queens
- Tax Class: 2A
- Buyer: Xin Lu
- Seller: Trocha Family Estate - Helga Trocha
- Broker: Josh Goldflam
- Asking Price: $1,325,000
- Sale Price: $1,270,000
- Square Footage: 5,700
- Price per Square Foot: $222
The transaction was facilitated by broker Josh Goldflam, who represented the buyer Xin Lu and the seller Trocha Family Estate, specifically Helga Trocha. Joshua Goldflam played a key role in the negotiations leading to the completion of this sale.
Players
Glendale 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
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93