Kreuther Handcrafted Chocolate Leases Industrial Space In Long Island City
13-05 44th Avenue, Queens, New York 11101, United States
Building Size
10,100 SF
Asset Type
Industrial
Closing
Feb 27, 2022
AI
Summary of transaction details:
- Property Type: Industrial
- Transaction Date: 02/28/2022
- Property Address: 13-05 44th Ave.
- Market: Long Island City
- Landlord: Sufi Properties
- Tenant: Kreuther Handcrafted Chocolate
- Broker: First Pioneer Realty
David Dynak, William Becker, and Gabriel Kreuther leased an industrial property located at 13-05 44th Ave. in Long Island City. The property spans 10,100 square feet and was leased to Kreuther Handcrafted Chocolate. The deal was facilitated by First Pioneer Realty.
Note: The asking rent for the property was $25 per square foot.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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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