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34 12 Borden Avenue

Shuo Tang Acquires Industrial Property At 34-12 Borden Avenue Long Island City For $1.64M
SOLDIndustrial

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

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.

Players

Evan Daniel

Modern Spaces

Broker

$347.5M

vol

65 deals

Broker
WP
Werwaiss PropertiesSeller

Long Island City Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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