Yang Qiu Acquires Office At 38-08 Union Street In Flushing For $2,160,000 With Frank Ko As The Broker
38-08 Union Street
$2,160,000
$2,053/SF
Building Size
1,052 SF
Asset Type
Office
Closing
Feb 5, 2026
AI
The property involved in the transaction is an office asset located at 38-08 Union Street in Flushing. The sale price was $2,160,000, encompassing a total area of 1,388 square feet, resulting in a price per square foot of $1,556. There is a single unit within the property.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,160,000
- Address: 38-08 Union Street
- Market: Flushing
- Square Footage: 1,388
- Price Per Square Foot: $1,556
- Units: 1
- Buyer: Yang Qiu
- Seller: Ruby Liu
- Broker: Frank Ko - E Realty International Corp
Key individuals in this transaction include the buyer, Yang Qiu, and the seller, Ruby Liu, with the transaction facilitated by broker Frank Ko representing E Realty International Corp. This deal showcases a direct engagement between the buyer and seller in a competitive market scenario.
Players
Flushing Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.34%
Cash-on-Cash
-2.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93