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39-07 Prince Street

Ruby Liu Acquires Office Building In Flushing From Matthew Wang For $1,388,000
SOLDOffice

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:

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

Frank Ko

Broker

$19.6M

vol

16 deals

Broker

Ruby Liu

Buyer

$3.5M

vol

2 deals

Buyer

Matthew Wang

Seller

$1.4M

vol

1 deal

Seller

Market Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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