Friday, 19 April 2019

Queens property purchased for $125M by Chinese firm headed to foreclosure

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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