Jin Xiao Chen Acquires Retail Property In Downtown Flushing For $3.8M
133-49 Roosevelt Avenue, Queens, New York 11354, United States
$3,800,000
$1,152/SF
Building Size
3,297 SF
Asset Type
Retail
Closing
Oct 7, 2021
About this deal
AI
A retail property located at 133-49 Roosevelt Avenue in Downtown Flushing has been sold for $3,800,000. The property is zoned as C4-2 and has a building size of 3,975 square feet, resulting in a price per square foot of $955. It has a lot size of 1,169 square feet with dimensions of 15.5 feet by 75.33 feet. The transaction took place on October 8, 2021. The buyer is Jin Xiao Chen, and the seller is Hsin Tai Hu. The property's floor area ratio (FAR) is 2.82, and its tax class is 4.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,800,000
- Market: Downtown Flushing
- Zoning: C4-2
- Building Size: 3,975 square feet
- Price per Square Foot: $955
- Lot Size: 1,169 square feet
- Lot Dimension: 15.5 feet x 75.33 feet
- Floor Area Ratio (FAR): 2.82
- Tax Class: 4
Jin Xiao Chen was represented by their broker in the deal. No further details about the involved parties were provided.
Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93