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Sun Long Hing LLC And 168 J&C Holdings LLC Acquire Retail Property In Flushing For $27M
SOLD
$27,000,000
New York
See Similar DealsRetail
Sold 04/23/2025
SOLD
Sun Long Hing LLC And 168 J&C Holdings LLC Acquire Retail Property In Flushing For $27M
41 79 Main Street
See Similar DealsRetail
Sold 04/23/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Sale
The retail asset located at 41-79 Main Street in Flushing, Queens was sold as part of a transaction valued at $27,000,000. The property is anchored by the Great Wall Supermarket.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $27,000,000
- Buyer: Sun Long Hing LLC (35%) & 168 J&C Holdings LLC (65%)
- Seller: Andrew Huang - A&N Food Market
The transaction involved Sun Long Hing LLC and 168 J&C Holdings LLC as the buyers of the property, which was previously owned by Andrew Huang and operated under A&N Food Market. The sale indicates a shift in ownership within the retail space of Flushing.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,440,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30
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