An Elmhurst building that was formerly part of St. John’s hospital is now in foreclosure and will be auctioned off next month, where it should fetch a price of about $81 million, according to court documents and sources familiar with the deal. The property is located at 90-02 Queens Boulevard, which Ding “John” Wai’s Sentry Operating Corp. bought in 2016 for $125 million. Steven Wu and a group of Asian investors sold the property to […]
source https://therealdeal.com/2019/04/19/queens-property-purchased-for-125m-by-chinese-firm-headed-to-foreclosure/
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