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Lian Pin Chen Acquires Retail Asset From Ellison Yang At 214 17 41st Avenue For $4.35M

Property Image
SOLD
$4,350,000

New York

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Retail8,000 SF
Sold
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Property Image
SOLD

Lian Pin Chen Acquires Retail Asset From Ellison Yang At 214 17 41st Avenue For $4.35M

214 17 41st Avenue

See Similar Deals
Retail8,000 SF
Sold
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$543
Total Square Footage:8,000 SF
Transaction Type:Sale

The property involved in this transaction is located at 214 17 41st Avenue, Bayside. This retail asset was sold for $4,350,000.00 and encompasses a total area of 8,000 square feet. It was an off-market sale that was put into contract within a week, resulting in a fast closing.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,350,000.00
  • Address: 214 17 41st Avenue
  • Market: Bayside
  • Square Footage: 8,000.0
  • Buyer: Lian Pin Chen
  • Seller: Ellison Yang
  • Brokers: Lina Shi - S10 Realty Group
  • Note: Off market sale, put in contract within a week. Fast closing.

The key individuals involved in this transaction include buyer Lian Pin Chen and seller Ellison Yang, with Lina Shi from S10 Realty Group representing the deal. The swift nature of the agreement highlights the effective negotiation and closing process executed by the parties involved.

Players

Lina Shi
S10 Realty Group
Lina Shi
9 deals$19.9M volume
BROKER

Details

SOLD
IMAGE: Lina Shi DATE: 03/14/2025 ADDRESS: 217-11/13/15/17 41st Ave MARKET: Bayside, NY ASSET TYPE: Retail BUYER: Lian Pin Chen SELLER: Ellison Yang BROKER: Lina Shi (@LinaShi_Realtor) - S10 Realty Group SALE PRICE: $4,350,000 SF: 8,000 ~ PPSF: $543 NOTE FROM BROKER: Off market sale, put in contract within a week. Fast closing.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$232,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63