Updated Dec 2, 2025
Shuo Tang Acquires Industrial Property At 34-12 Borden Avenue Long Island City For $1.64M
34 12 Borden Avenue
$1,640,000
$410/SF
Building Size
4,000 SF
Asset Type
Industrial
Closing
Nov 17, 2025
About this deal
AI
The transaction involved an industrial property located at 34-12 Borden Avenue in Long Island City. The sale was executed for a total of $1,640,000, covering an area of 4,000 square feet, resulting in a price per square foot of $410.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,640,000
- Address: 34-12 Borden Avenue
- Market: Long Island City
- Square Feet: 4,000
- Price Per Square Foot: $410
- Buyer: Shuo Tang
- Seller: Werwaiss Properties
- Seller's Representative: Evan Daniel - Modern Spaces
This transaction featured Shuo Tang as the buyer and Werwaiss Properties as the seller, with Evan Daniel from Modern Spaces representing the seller throughout the deal.
On the Map
$1,640,000
$410/SF
Industrial
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Players
Long Island City 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
9.67%
Cash-on-Cash
-2.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93