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:
- Property Type: Retail
- Transaction Amount: $64,250,000
- Address: 41-60 Main Street
- Market: Flushing
- Square Footage: 104,292
- Price per Square Foot: $616
- Buyer: United Construction & Development Group
- Brokers: Ethan Stanton, Michael Mazzara, Drew Isaacson, Brendan Maddigan & Peter Rotchford
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
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