Updated Dec 21, 2023
LargaVista Acquires Industrial Property In Queens, New York For $27.05M
30 12 41st Ave, Long Island City, Ny 11101, Usa
Building Size
12,169 SF
Asset Type
Industrial
Closing
Mar 1, 2017
About this deal
AI
The industrial property located at 30-12 41st Avenue in Queens, New York was sold in March 2017 for a total of $27,050,000. The property is situated in a prime location in the Queens market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $27,050,000
- Address: 30-12 41st Avenue, Queens, New York
- Seller: Leon Kassabian
- Buyer: LargaVista
This transaction was facilitated by Leon Kassabian, representing the seller, and LargaVista, representing the buyer. The deal involved key individuals and companies who played a crucial role in the successful completion of the transaction.
Players
Long Island City Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93