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65-09-11 Fresh Meadow Lane

Kinwa Lo Acquires Industrial Property On Fresh Meadow Ln In Fresh Meadows, Queens For $2.35M
SOLDIndustrial

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

Li Li

B Square Realty

Broker

$83.2M

vol

49 deals

Broker

Market 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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93