Shuk Yin Wong Acquires Fayzar Family's Fresh Meadows Multifamily For $4.8M

The multifamily property located at 71-57 161st Street in Fresh Meadows, Queens has been sold in a closed transaction. The property, consisting of 11 units, spans 9,446 square feet. The sale price for this transaction was $4,800,000, resulting in a price per square foot of $508. The buyer of the property is Shuk Yin Wong, while the seller is the Fayzar Family. The transaction was facilitated by brokers Stephen R. Preuss and Kevin Louie from TeamPreuss.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,800,000
• Address: 71-57 161st Street
• Market: Fresh Meadows, Queens
• Square Footage: 9,446
• Price per Square Foot: $508
• Number of Units: 11
• Seller: Fayzar Family
• Buyer: Shuk Yin Wong
• Brokers: Stephen R. Preuss & Kevin Louie @TeamPreuss

The successful transaction was made possible by the involvement of key individuals and companies. Shuk Yin Wong acted as the buyer in this transaction, while the seller was the Fayzar Family. Stephen R. Preuss and Kevin Louie from TeamPreuss represented both parties as the brokers for this deal.