Erdi Liu Acquires Office Condo In Flushing, Queens For $1.6M
37-12 Prince St, Flushing, NY 11354, USA
$1,600,000
$1,112/SF
Building Size
1,438 SF
Asset Type
Office
Closing
Mar 11, 2020
About this deal
AI
Located at 37-12 Prince Street in Flushing, Queens, this office condo was recently sold in a closed transaction. The property spans 1,438 square feet and was sold for a price of $1,600,000, equating to a price per square foot of $1,112. The seller of the office condo was F&T Group, while the buyer was Erdi Liu. Acting as the broker in the deal was Barbie Li, representing B Square Realty.
Summary of transaction details:
- Property Type: Office Condo
- Transaction Amount: $1,600,000
- Square Footage: 1,438
- Price per Square Foot: $1,112
- Address: 37-12 Prince Street, Flushing, Queens
- Market: Flushing, Queens
Barbie Li, from B Square Realty, played a crucial role as the broker representing both the buyer, Erdi Liu, and the seller, F&T Group, in this office condo transaction. The deal highlights the dedication and expertise of the individuals involved in successfully facilitating the sale.
Players
New York Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $1.6M for 1,438 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93