Howard Sang Acquires Office Condos On Main Street In Flushing For $6M
SOLD
$6,000,000
+ 2
New York
See Similar Deals6,800 SF
Sold 07/25/2019
SOLD
Howard Sang Acquires Office Condos On Main Street In Flushing For $6M
3825 Main St, Flushing, NY 11354, USA
See Similar Deals6,800 SF
Sold 07/25/2019
+ 2
Summary
NEW YORK
Price Per Square Foot:$882
Total Square Footage:6,800 SF
Transaction Type:Sale
The office condos located at 38-25 Main Street in Flushing have been sold for $6,000,000. Spanning across 6,800 square feet, the property was acquired at a price per square foot of $882.35.
Summary of transation details
- Property Type: Office Condos
- Transaction Amount: $6,000,000
- Address: 38-25 Main Street
- Market: Flushing
Howard Sang is the buyer of the property, while Nancy Lu is the seller. Tommy Lin, Thomas Donovan, Eugene Kim, Robert Rappa of @donovanteam_nyc, Ben Efraimov, and Andrew Winwood of @team_efraimov_b6realestate represented the seller as their representatives.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
Is there something missing? Send suggestions