Xi Ting Zhang, Yu Zhen Li, And Wen Ting Zhang Acquire Retail Condo In Flushing For $7.1M
136 18 Maple Avenue
$7,100,000
Building Size
—
Asset Type
Retail
Closing
Apr 21, 2025
About this deal
AI
A retail condo located at 136-18 Maple Avenue in Flushing, Queens was sold for $7,100,000. The asset spans 4,030 square feet, resulting in a price per square foot of $1,762.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,100,000
- Sale Date: 04/21/2025
- Buyer: Xi Ting Zhang, Yu Zhen Li & Wen Ting Zhang
- Seller: Xiang Yu Cao
- Buyer Entity: Caghny LLC
- Seller Entity: Guang Rui LLC
The buyers, Xi Ting Zhang, Yu Zhen Li, and Wen Ting Zhang, executed the purchase through their company, Caghny LLC. The seller was represented by Xiang Yu Cao, who operated under Guang Rui LLC.
On the Map
$7,100,000
Retail
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Players
Flushing 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93