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274 Merrick Road

Updated Dec 4, 2024

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

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

$1,100,000

$183/SF

Building Size

6,000 SF

Asset Type

Industrial

Closing

Nov 1, 2023

About this deal

AI

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 Li

B Square Realty

Broker

$84.9M

vol

52 deals

Broker

Lynbrook Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $183 per square foot on a published $1.1M for 6,000 square feet (2023).

Visit Li (Barbie) Li to view all their deals.

Browse Lynbrook industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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