Russell Verducci & Eric Demmers Of NAI James E. Hanson Facilitate $5.22M Sale Of Industrial Asset In Rockaway
36 Pine Street
$5,220,000
$94/SF
Building Size
55,000 SF
Asset Type
Industrial
Closing
May 27, 2026
AI
The property asset involved in this sale is an industrial facility located at 36 Pine Street, Rockaway. The sale price for this property was $5,220,000, encompassing a total area of 55,000 square feet and situated on 9.57 acres of land.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,220,000
- Address: 36 Pine Street
- Market: Rockaway
- Square Footage: 55,000
- Acres: 9.57
- Seller's Representative: Russell Verducci & Eric Demmers - NAI James E. Hanson
Key individuals in the transaction include Russell Verducci and Eric Demmers, who represented the seller in this deal through their agency, NAI James E. Hanson. Their participation was crucial in facilitating the transaction for the industrial property.
Players
Rockaway Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.04%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93