ChenXi Li Purchases Retail Property At 41-12 Main Street Flushing For $6.75M From Wang Family
41-12 Main Street
$6,750,000
$1,875/SF
Building Size
3,600 SF
Asset Type
Retail
Closing
Sep 20, 2024
About this deal
AI
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
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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93