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Xiangming Chen Acquires Lynbrook Industrial Property For $1.1M With Barbie Li As Buyer's Rep And Queenie Zhou As Seller's Rep

Property Image
SOLD
$1,100,000

New York

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Industrial6,000 SF
Sold 11/01/2023
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Property Image
SOLD

Xiangming Chen Acquires Lynbrook Industrial Property For $1.1M With Barbie Li As Buyer's Rep And Queenie Zhou As Seller's Rep

274 Merrick Road

See Similar Deals
Industrial6,000 SF
Sold 11/01/2023
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$183
Total Square Footage:6,000 SF
Transaction Type:Sale

An industrial property located at 274 Merrick Road in Lynbrook has been sold in a closed transaction for a price of $1,100,000. The property spans 6,000 square feet, resulting in a price per square foot of $183.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,100,000
  • Address: 274 Merrick Road
  • Market: Lynbrook

The buyer of the property is Xiangming Chen, while the seller is Kinwa Lo. Representing the buyer is Barbie Li from B Square Realty, and the seller is represented by Queenie Zhou from E Realty International Corp.

Note from Broker: Barbie Li did it again! Another warehouse sold for the same buyer! Barbie Li Team specializes in commercial sales and leases in the Queens and Long Island markets. Our team has extensive off-market resources, whether it's a warehouse, shopping center, hotels, retail, community facility, etc., email us at [email protected] for more info!

Players

Li (Barbie) Li
49 deals$83.2M volume(646) 889-9988
BROKER

Details

SOLD
IMAGE: Barbie Li DATE: 11/01/2023 ADDRESS: 274 Merrick Road MARKET: Lynbrook ASSET TYPE: Industrial BUYER: Xiangming Chen SELLER: Kinwa Lo BUYER'S REP: Barbie Li (@Barbie_Li_NY_Broker) - B Square Realty (@BSquareRealty) SELLER'S REP: Queenie Zhou - E Realty International Corp SALE PRICE: $1,100,000 SF: 6,000 ~ PPSF: $183 NOTE FROM BROKER: Barbie Li did it again! Another warehouse sold for the same buyer! Barbie Li Team specializes in commercial sales and leases in the Queens and Long Island markets. Our team has extensive off-market resources, whether it's a warehouse, shopping center, hotels, retail, community facility, etc, email us at [email protected] for more info!

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$3,908.06
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