Updated Oct 12, 2026
Chang Biao Zheng Acquires Two Industrial Buildings In Flushing Queens For $4.5 Million
141-12 32nd Avenue
$4,500,000
$937/SF
Building Size
4,800 SF
Asset Type
Industrial
Closing
Apr 13, 2026
About this deal
AI
Two industrial buildings located at 141-10 and 141-12 32nd Avenue in Flushing, Queens, were sold for a transaction amount of $4,500,000. The buildings comprise a combined square footage of 28,080 BSF, translating to a price per BSF of $160, while the total square footage is 4,800 with a price per square foot of $938.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Buyer: Chang Biao Zheng
- Seller: Shalom Zirkiev
- Market: Flushing, Queens
- Sale Date: 04/13/2026
- BSF: 28,080
- PPBSF: $160
- SF: 4,800
- PPSF: $938
Chang Biao Zheng, represented by Danny Family LLC, acquired the properties from seller Shalom Zirkiev with intentions for ground-up development of the site.
On the Map
$4,500,000
$937/SF
Industrial
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Players
Brooklyn Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93