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38-08 Union Street

Yang Qiu Acquires Office At 38-08 Union Street In Flushing For $2,160,000 With Frank Ko As The Broker
SOLDOffice

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

Frank Ko

Broker

$19.6M

vol

14 deals

Broker

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