Kinwa Lo Acquires Industrial Property On Fresh Meadow Ln In Fresh Meadows, Queens For $2.35M
$2,350,000
$643/SF
Building Size
3,650 SF
Asset Type
Industrial
Closing
Jan 12, 2024
AI
A warehouse property located at 65-09-11 Fresh Meadow Ln in Fresh Meadows, Queens, has been sold in a recent transaction for $2,350,000. The property spans 3,650 square feet, resulting in a price per square foot of $644. The sale was completed on 01/12/2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,350,000
- Address: 65-09-11 Fresh Meadow Ln, Fresh Meadows, Queens
- Market: Fresh Meadows, Queens
- Buyer: Kinwa Lo
- Seller: Donna Dholakia
- Brokers: Barbie Li & Yan Xue (Christina) Zheng - B Square Realty
- Square Footage: 3,650
- Price per Square Foot: $644
The transaction was facilitated by Barbie Li and Yan Xue (Christina) Zheng from B Square Realty. The property was listed and sold by the Barbie Li Team, achieving a sale price that was 99.99% of the asking price. The warehouse was placed under contract within just two weeks of being on the market, attracting multiple backup offers. The Barbie Li Team has a strong pool of interested industrial buyers, making them a favorable choice for future sellers in the area. For inquiries, interested parties can contact Barbie Li at 646-889-9988 or via email at [email protected].
Players
Market 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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93