Yung Chang Wang & Shu F. Tseng Acquire Retail Property In Queens For $4.25M
87-87 Francis Lewis Boulevard
$4,250,000
$506/SF
Building Size
8,400 SF
Asset Type
Retail
Closing
Jul 30, 2026
About this deal
AI
A retail property located at 87-87 Francis Lewis Boulevard in Queens was sold for $4,250,000. The asset measures 8,400 square feet, translating to a price of $506 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,250,000
- Sale Date: July 30, 2026
- Buyer: Yung Chang Wang & Shu F. Tseng
- Seller: Ishay Khakshouri & Rachmim Hakshouri
- Square Footage: 8,400
- Price Per Square Foot: $506
The transaction involved Yung Chang Wang and Shu F. Tseng purchasing the property from Ishay Khakshouri and Rachmim Hakshouri. This deal reflects the ongoing activity in the Queens retail market.
Players
Queens Village 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93