Shun Quin Liu Acquires Commercial Property In Downtown Flushing, Queens For $12.5M

Located in Downtown Flushing, Queens, the commercial property at 33-34 Prince Street has recently been sold. The transaction took place on July 20, 2022, with a sale price of $12,500,000. The property, with an address of 33-34 Prince Street, is situated on a lot size of 27,300 square feet, with dimensions of 121.25 ft x 218.83 ft. The market value of the property is characterized by its zoning designation of M2-1, allowing for commercial use.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $12,500,000
• Building Square Footage: 54,600
• Price per Building Square Foot: $228
• Lot Square Footage: 27,300
• Price per Square Foot: $481
• Floor-to-Area Ratio (FAR): 0.95
• Tax Class: 4

The buyer of the property is Shun Quin Liu, while John Parlante serves as the seller in this transaction. Both parties were represented by their respective brokers or representatives.