Suzhen Li Buys Office Space From Liyu Lin In Flushing For $2.4M
38-08 Union Street
$2,400,000
$1,134/SF
Building Size
2,116 SF
Asset Type
Office
Closing
May 29, 2024
About this deal
AI
The property asset involved in this transaction is a 2,116 square foot office located at 38-08 Union Street in Flushing, Queens. The sale price for this commercial unit was $2,400,000, equating to a price per square foot of $1,134. The transaction took place on 05/29/2024 and involved the Buyer, Suzhen Li, and the Seller, Liyu Lin. The broker representing the deal was Barbie Li from B Square Realty.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,400,000
- Address: 38-08 Union Street, Flushing, Queens
- Buyer: Suzhen Li
- Seller: Liyu Lin
- Broker: Barbie Li - B Square Realty
Barbie Li of B Square Realty facilitated this successful transaction, showcasing expertise in the current high-interest and competitive office market in Flushing. She was able to quickly find a suitable buyer for the 2100+ SF commercial unit at 38-08 Union Street. Barbie's dedication to helping sellers achieve success in this demanding market is evident in this deal. For all your real estate needs, whether buying, selling, or investing, the Barbie Li Team can make your real estate dreams a reality. Contact them at 646-889-9988 to explore how they can assist you in achieving your real estate goals at a high level.
On the Map
$2,400,000
$1,134/SF
Office
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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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93