Yi Dong Chen Acquires Retail Property In Queens For $3.9M
134-40 Cherry Ave, Flushing, NY 11355, USA
Building Size
6,475 SF
Asset Type
Retail
Closing
Jan 16, 2017
About this deal
AI
The retail property located at 13440 Cherry Ave in New York City, specifically in the Queens market, was sold on January 17, 2017. The transaction involved a purchase price of $3,914,950. The seller of the property was identified as Johnson Chen, while the buyer was Yi Dong Chen.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,914,950
- Address: 13440 Cherry Ave
- Date: January 17, 2017
- City: New York
- Market: Queens
The deal's key individuals included Johnson Chen, representing the seller, and Yi Dong Chen, who acted as the buyer in the transaction.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
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