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136-55 37th Avenue, Flushin...

Updated Dec 20, 2023

Li (Barbie) Li, Hangdong Zhang & Jin Huang Acquire Retail Property In Flushing For $6.75M
SOLDRetail

Li (Barbie) Li, Hangdong Zhang & Jin Huang Acquire Retail Property In Flushing For $6.75M

136-55 37th Avenue, Flushing, NY, USA

$6,750,000

$1,054/SF

Building Size

6,400 SF

Asset Type

Retail

Closing

Jun 8, 2020

About this deal

AI

A two-story prime retail commercial space in Flushing has been sold for a price of $6,750,000. Located at 136-55 37th Ave, the property offers approximately 6,400 square feet of newly renovated retail space and a kitchen. Situated on a busy street with heavy traffic, it is in close proximity to the largest parking lot in downtown Flushing. The property is conveniently located just two blocks away from the 7 train, LIRR, and multiple bus stops, making it easily accessible. This presents an excellent opportunity for businesses looking to establish themselves in downtown Flushing.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,750,000
  • Address: 136-55 37th Ave, Flushing
  • Market: Flushing
  • Size: 6,400 square feet
  • Price per square foot: $1,054

The buyers of the property are Li (Barbie) Li, Hangdong Zhang, and Jin Huang. On the other hand, the seller is Styliani Moustakas. For more information about leasing this retail space, interested parties can contact Barbie at 347-628-8818.

Players

New York Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $6.8M for 6,400 square feet (2020).

Browse New York retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.35%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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