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43-24 Robinson St, Flushing...

Wang Li Zhao & Partners Acquire Apartment Building In Flushing For $4.75M
SOLDOther

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

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

Greg Corbin

Northgate Real Estate Group

Broker

$1.2B

vol

84 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage
Partners
PartnersBuyer

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