Yeuk Nam Poon-Yung, others, pay $12M to Hong Ngoc Ly for retail property in Flushing

Yeuk Nam Poon-Yung, Guo Ping Yang, Cindy Cheung through the entity Wing Chak Roosevelt Realty LLC paid Hong Ngoc Ly’s Double Sun Realty Corp. $12.0 million for 135-07 Roosevelt Avenue in Flushing. The deal closed on December 6, 2019, and was recorded on December 18, 2019. The transaction consists of 1 parcel, including the tax class one-story store building (K1). The property is 3,840 square feet. The parcel(s) have total development potential of 9,331 square feet.
The average sale price per square foot is $1,286.

Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $447,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $298,160.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link