Michael Liu Acquires Residential Condo In Long Island City For $1.2M
3 Court Square, Queens, New York 11101, United States
$1,228,386
$15/SF
Building Size
80,379 SF
Asset Type
—
Closing
Dec 20, 2021
AI
A residential condo located at 3 Court Square in Long Island City, was recently sold for $1,228,386. The property spans a total of 918 square feet, resulting in a price per square foot of $1,338. The sale took place on December 20, 2021. The buyer of the condo was Michael Liu, while the seller was Star Associates LLP. The transaction was facilitated by Doron Berenholtz from The Corcoran Group.
Summary of transaction details:
- Property Type: Residential Condo
- Transaction Amount: $1,228,386
- Address: 3 Court Square, Long Island City
- Market: Long Island City
- Square Footage: 918
Doron Berenholtz from The Corcoran Group represented both the buyer, Michael Liu, and the seller, Star Associates LLP, in the sale of the residential condo at 3 Court Square. The property's prime location in Long Island City and its square footage contributed to its desirability in the market.
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.91%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93