Updated Dec 21, 2023
Shun Qian Liu Acquires Industrial Property In Flushing For $12.5M
32-25 Farrington St, Flushing, NY 11354, USA
$1,000,000
$25/SF
Building Size
40,000 SF
Asset Type
Industrial
Closing
Mar 21, 2018
About this deal
AI
The industrial property located at 33-34 Prince Street in Flushing has been sold in a recent transaction. The property spans 25,960 square feet and was sold for a price of $12,500,000, resulting in a price per square foot of $481.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,500,000
- Address: 33-34 Prince Street
- Market: Flushing
The buyer of the property is Shun Qian Liu, while the seller is John Parlante. They were represented in the deal by their respective brokers or representatives.
On the Map
$1,000,000
$25/SF
Industrial
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Players
New York 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93