SOLDRetail
Yin Chou Hu Acquires Retail Property In Flushing For $8.575M
136-11 38th Avenue, Queens, New York 11354, United States
$8,575,000
$686/SF
Building Size
12,493 SF
Asset Type
Retail
Closing
May 1, 2022
About this deal
AI
The retail property located at 136-11 38th Avenue in Flushing was recently sold for a price of $8,575,000. The property spans across 12,493 square feet, resulting in a price per square foot of $686.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,575,000
- Address: 136-11 38th Avenue
- Market: Flushing
- Buyer: Yin Chou Hu
- Seller: Michael Axelrod & Jeffrey Axelrod
- Square Footage: 12,493
- Price per Square Foot: $686
The buyer of the property is Yin Chou Hu, while the sellers are Michael Axelrod and Jeffrey Axelrod.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.85%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93