Lian Pin Chen Acquires Retail Asset From Ellison Yang At 214 17 41st Avenue For $4.35M
214 17 41st Avenue
$4,350,000
$543/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Mar 14, 2025
About this deal
AI
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
Bayside 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93