Yu TIng Zheng Acquires Elevator Apartments In Jackson Heights For $15M
37-59 81st St, Flushing, NY 11372, USA
$15,000,000
$50/SF
Building Size
298,040 SF
Asset Type
Other
Closing
Nov 7, 2018
About this deal
AI
The elevator apartments located at 3759-3761 81st Street in Jackson Heights have been sold for a total price of $15,000,000. The property spans a total square footage of 29,804, resulting in a price per square foot of $503. The seller of the property was Ji Juan Lin, while the buyer was Yu TIng Zheng.
Summary of transaction details
- Property Type: Elevator apartments
- Transaction Amount: $15,000,000
- Square Footage: 29,804
- Price Per Square Foot: $503
- Address: 3759-3761 81st Street
- Market: Jackson Heights
- Seller: Ji Juan Lin
- Buyer: Yu TIng Zheng
The successful transaction was facilitated by the respective representatives of the seller and buyer.
Players
Jackson Heights Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93