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
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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