ChenXi Li Purchases Retail Property At 41-12 Main Street Flushing For $6.75M From Wang Family
SOLD
$6,750,000
New York
See Similar DealsRetail3,600 SF
Sold 09/20/2024
SOLD
ChenXi Li Purchases Retail Property At 41-12 Main Street Flushing For $6.75M From Wang Family
41-12 Main Street
See Similar DealsRetail3,600 SF
Sold 09/20/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,875
Total Square Footage:3,600 SF
Transaction Type:Sale
The retail property located at 41-12 Main Street in Flushing has been sold for $6,750,000. The asset encompasses a total area of 3,600 square feet, resulting in a price per square foot of $1,875.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,750,000
- Address: 41-12 Main Street
- Market: Flushing
- Square Footage: 3,600
- Price Per Square Foot: $1,875
- Buyer: ChenXi Li
- Seller: Wang Family
- Broker: Paul Zhou - Keller Williams Realty - The Imperium Team
The transaction involved ChenXi Li as the buyer, who acquired the property from the seller, Wang Family. Paul Zhou from Keller Williams Realty represented the interests of the buyer in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$360,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,981.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,998.44
Annual Debt Service$383,981.32
Is there something missing? Send suggestions