Wang Li Zhao & Partners Acquire Apartment Building In Flushing For $4.75M
43-24 Robinson St, Flushing, NY 11355, USA
Building Size
101,680 SF
Asset Type
Other
Closing
Feb 12, 2018
AI
An apartment building with three parking spots located at 43-24 Robinson Street in New York's Flushing market has been sold for $4,750,000. The property spans 10,168 square feet, with a price per square foot of $467. It consists of 12 units, with a price per unit of $395,000.
Summary of transaction details
- Property Type: Apartment Building
- Transaction Amount: $4,750,000
- Address: 43-24 Robinson Street, New York
- Market: Flushing
- Number of Units: 12
- Square Footage: 10,168
- Price per Square Foot: $467
- Price per Unit: $395,000
Lisa Ye acted as the seller in this transaction, while Wang Li Zhao & Partners were the buyers. The deal was facilitated by Greg Corbin & Leah Chen of Besen & Associates.
Players
Flushing Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93