Updated Dec 20, 2023
Shun Qian Liu Acquires Industrial Property In Flushing For $12.5M
33-34 Prince Street, Queens, New York 11354, United States
$12,500,000
$481/SF
Building Size
25,960 SF
Asset Type
Industrial
Closing
Jul 19, 2022
About this deal
AI
The industrial property located at 33-34 Prince Street in Flushing has been sold for a total of $12,500,000. The transaction took place on August 9, 2022. The property spans 25,960 square feet, 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.
The industrial sale at 33-34 Prince Street, Queens, New York 11354, United States in New York, New York sold for $12.5M in 2022. The building is 25,960 square feet, implying about 481 per square foot on the published price. Named participants on the 33-34 Prince Street, Queens, New York 11354, United States sale are Shun Qian Liu. This page is the New York, New York file for the 33-34 Prince Street, Queens, New York 11354, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same New York sit in the Market section below. Filter that New York industrial set by closing date to see what else sold near 33-34 Prince Street, Queens, New York 11354, United States around 2022. Published consideration for 33-34 Prince Street, Queens, New York 11354, United States is $12.5M, dated 2022. Cite this Shun Qian Liu Acquires Industrial Property In Flushing For $12.5M sale when underwriting similar industrial product around New York, New York.
On the Map
$12,500,000
$481/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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93