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
About this deal
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.
On the Map
$64,250,000
$616/SF
Retail
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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