facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Other

/

Sale

/

86-50 Dongan Avenue, Elmhur...

Updated Dec 21, 2023

Sophia Shanfen Zhang Acquires Apartment In Elmhurst, Queens For $6.2M
SOLDOther

Sophia Shanfen Zhang Acquires Apartment In Elmhurst, Queens For $6.2M

86-50 Dongan Avenue, Elmhurst, Queens County, NY, USA

$6,200,000

$180/SF

Building Size

34,289 SF

Asset Type

Other

Closing

May 6, 2021

About this deal

AI

An apartment located at 86-50 Dongan Avenue in Elmhurst, Queens was recently sold for a total price of $6,200,000. This property is zoned as R7B and has a floor area ratio (FAR) of 4.47. The building has a total square footage of 34,289, resulting in a price per square foot (PPSF) of $180. The property's lot size is 7,667 square feet, with dimensions of 37 ft x 206 ft. The transaction took place on May 7, 2021, and the buyer is Sophia Shanfen Zhang, while the seller is Shahanara Khan. The property's tax class is 2.

Summary of transaction details:

  • Property Type: Apartment
  • Transaction Amount: $6,200,000
  • Market: Elmhurst, Queens
  • Zoning: R7B
  • Buyer: Sophia Shanfen Zhang
  • Seller: Shahanara Khan
  • Floor Area Ratio (FAR): 4.47
  • Total Square Footage: 34,289
  • Price per Square Foot (PPSF): $180
  • Tax Class: 2
  • Lot Size: 7,667 square feet
  • Lot Dimensions: 37 ft x 206 ft

The buyer, Sophia Shanfen Zhang, and the seller, Shahanara Khan, successfully completed this property transaction. The property's permits include an alteration type 2, dated December 1, 2016.

Players

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

Loading comparables…

Deal FAQ

About $180 per square foot on a published $6.2M for 34,289 square feet (2021).

Browse New York other sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets