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41 60 Main Street

United Construction & Development Group Acquires Retail Asset In Flushing For $64.25M
SOLDRetail

United Construction & Development Group Acquires Retail Asset In Flushing For $64.25M

41 60 Main Street

$64,250,000

$616/SF

Building Size

104,292 SF

Asset Type

Retail

Closing

Nov 17, 2025

AI

The property located at 41-60 Main Street in Flushing is a retail asset with a sales price of $64,250,000. This retail space encompasses a total area of 104,292 square feet, resulting in a price per square foot of $616.

Summary of transaction details:

The transaction involved United Construction & Development Group as the buyer, with representation from brokers Ethan Stanton, Michael Mazzara, Drew Isaacson, Brendan Maddigan, and Peter Rotchford, who facilitated the deal.

Players

Brendan Maddigan

JLL

Broker

$4.7B

vol

127 deals

Broker
United Construction & Development Group
United Construction & Development GroupBuyer
Bank OZK
Bank OZKLender

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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93