Lian Wu Shao & William Shao Acquire Retail Condo In Flushing For $3.8M
39-07 Prince St, Flushing, NY 11354, USA
$3,800,000
$135/SF
Building Size
28,000 SF
Asset Type
—
Closing
Mar 1, 2020
AI
A retail condo located at 39-07 Prince Street in Flushing was recently sold. The property, measuring 2,800 square feet, was sold for $3,800,000. The seller, KingsWell Realty represented by Michael Wu, sold the retail condo to Lian Wu Shao and William Shao. The property was listed with an asking price of $3,950,000, resulting in a final sale price of $3,800,000. The price per square foot for this transaction was approximately $1,357.
Summary of transaction details:
- Property Type: Retail Condo
- Transaction Amount: $3,800,000
- Address: 39-07 Prince Street, Flushing
- Market: Flushing
- Seller: KingsWell Realty (represented by Michael Wu)
- Buyer: Lian Wu Shao and William Shao
Jasmine Huang served as the broker for this transaction, representing the buyer. No additional information was provided regarding the deal.
Players
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93