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3 Court Square, Queens, New...

Michael Liu Acquires Residential Condo In Long Island City For $1.2M
SOLD

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.

Players

Doron Berenholtz

The Corcoran Group

Broker

$16.5M

vol

16 deals

Broker

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