David Su Acquires Warehouse In Downtown Flushing, Queens For $3.75M

A warehouse located at 33-03 Prince Street in Downtown Flushing, Queens was recently sold for $3,750,000. The property has a total building square footage (BSF) of 15,400 and a price per BSF (PPBSF) of $243. The warehouse spans 7,469 square feet and has a price per square foot (PPSF) of $502. The lot size is 7,710 square feet with dimensions of 71 feet by 98 feet. The property is zoned as M2-1, making it suitable for warehouse use. The transaction took place on May 5, 2021.

Summary of transaction details

• Property Type: Warehouse
• Transaction Amount: $3,750,000
• Market: Downtown Flushing, Queens
• Zoning: M2-1
• Buyer: David Su
• Seller: Lisa Silvestri
• BSF: 15,400
• PPBSF: $243
• SF: 7,469
• PPSF: $502
• Lot Size: 7,710
• Lot Dimensions: 71 ft x 98 ft
• Tax Class: 4

David Su acted as the buyer in this transaction, while Lisa Silvestri was the seller. The deal was closed on May 5, 2021. The property's floor area ratio (FAR) is 0.97, indicating the ratio between the total floor area of the building and the lot size. The tax class for the warehouse is classified as Class 4.