On The Scene: Besen & Associates Announced the Sale of Two Properties in Queens


• 108-53 49th Avenue, Corona, was sold for $5,600,000 by Leah Chen and Greg Corbin. Completed in 2015, the property consists of two contiguous 3‐story walkup buildings with 10 apartments and 2 parking garages with one space each have 12,144 s/f. Near the 111th Street Station on the [7] train. The sale price equates to $560,000 per unit and a cap rate of 4.0%.


• 162-13 46th Avenue, Flushing, was sold for $2,100,000 by Leah Chen and Greg Corbin. The sale price equates to $424 per square foot, and $161,538 per unit. Built in 2009, this property consists of a 3-story commercial building with 13 units with 4,945 s/f.

 

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