Wang Li Zhao & Partners Acquire Apartment Building In Flushing For $4.75M
43-24 Robinson St, Flushing, NY 11355, USA
Building Size
101,680 SF
Asset Type
Other
Closing
Feb 12, 2018
About this deal
AI
An apartment building with three parking spots located at 43-24 Robinson Street in New York's Flushing market has been sold for $4,750,000. The property spans 10,168 square feet, with a price per square foot of $467. It consists of 12 units, with a price per unit of $395,000.
Summary of transaction details
- Property Type: Apartment Building
- Transaction Amount: $4,750,000
- Address: 43-24 Robinson Street, New York
- Market: Flushing
- Number of Units: 12
- Square Footage: 10,168
- Price per Square Foot: $467
- Price per Unit: $395,000
Lisa Ye acted as the seller in this transaction, while Wang Li Zhao & Partners were the buyers. The deal was facilitated by Greg Corbin & Leah Chen of Besen & Associates.
Players
Flushing Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93