Ruby Liu Acquires Office Building In Flushing From Matthew Wang For $1,388,000
39-07 Prince Street
$1,388,000
$1,187/SF
Building Size
1,169 SF
Asset Type
Office
Closing
Apr 30, 2026
AI
The property asset involved in this transaction is an office located at 39-07 Prince Street, Flushing. The sale price for the asset was $1,388,000, and it encompasses one unit, with a total square footage of 1,169. The price per unit is $1,388,000, and the price per square foot stands at $1,187.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,388,000
- Buyer: Ruby Liu
- Seller: Matthew Wang
- Broker: Frank Ko
- Date of Transaction: 5/1/2026
In this transaction, Ruby Liu acted as the buyer, acquiring the office space from seller Matthew Wang. Frank Ko represented the interests of the buyer during the deal.
Players
Market 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
11.43%
Cash-on-Cash
-3.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93