Li Lan Wu Acquires Retail Property In Elmhurst For $4M
86-22 Broadway, Elmhurst, Queens, NY, USA
$4,000,000
$851/SF
Building Size
4,700 SF
Asset Type
Retail
Closing
Feb 10, 2021
About this deal
AI
An retail property located at 86-22 Broadway in Elmhurst has been sold for $4,000,000. The property spans 4,700 square feet, resulting in a price per square foot of $851. The transaction took place on February 11, 2021. The previous sale of the property occurred on November 18, 2013, at a price of $1,100,000. The property is zoned as R7A and C1-2.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,000,000
- Square Footage: 4,700
- Price per Square Foot: $851
- Address: 86-22 Broadway, Elmhurst
- Market: Elmhurst
- Previous Sale Price: $1,100,000 (11/18/2013)
- Zoning: R7A, C1-2
Li Lan Wu purchased the retail property from Xiu Qin Shi in the transaction. Li Lan Wu represented themselves in the deal.
On the Map
$4,000,000
$851/SF
Retail
View full map
Players
Queens Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Li Lan Wu to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93