Sung Mi Realty Purchases 4019 159th St Queens From 159 Plaza LLC For $2.5M
4019 159th St, Queens, NY, 11358
$2,500,000
$651/SF
Building Size
3,840 SF
Asset Type
Warehouse
Closing
Nov 19, 2023
AI
The property involved in this transaction is located at 4019 159th St, Queens, NY, 11358, within the Flushing market. The sale price was $2,500,000.00 for a total square footage of 3,840 square feet.
Summary of transation details:
- Property Type: Sale
- Transaction Amount: $2,500,000.00
- Address: 4019 159th St, Queens, NY, 11358
- Market: Flushing
- Buyer: Sung Mi Realty
- Seller: 159 Plaza LLC
- Buyer's Representative: Cecilia Y Lin - B & T Realty
- Seller's Representative: Jae Jun Han - Metro Real Estate Inc
- Square Footage: 3,840
The transaction involved key representatives from both the buyer and seller sides. Cecilia Y Lin from B & T Realty represented the buyer, Sung Mi Realty, while Jae Jun Han from Metro Real Estate Inc represented the seller, 159 Plaza LLC, in this deal.
Players
Flushing Warehouse Market Snapshot
Boundary boundary · Warehouse · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93