Song Lin paid $7M to CHRISTINE HAIDER, AS TRUSTEE HAIDER FAMILY TRUST

Song Lin through the entity 83 BROADWAY REALTY LLC paid CHRISTINE HAIDER, AS TRUSTEE HAIDER FAMILY TRUST $7.0 million for 1 parcel, including the tax class retail building with apartments above (K4) at 83-12 Broadway in Elmhurst. The deal closed on June 27, 2019 and was recorded on July 17, 2019. The parcel(s) have total development potential of 47,605 square feet.
The average sale price per square foot is $269.
The estimated cap rate is 1.3%

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel.There has been one new building permit application totaling 25,783 square feet. Those plans include a total of 34 residential or hotel units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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