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
About this deal
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.
On the Map
$3,800,000
$135/SF
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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