Updated Oct 29, 2024
Green Lite Trading Inc Acquires Industrial Property In Queens For $18/SF
13-20 131st St, Flushing, NY 11356, USA
Building Size
291,340 SF
Asset Type
Industrial
Closing
Dec 4, 2019
About this deal
AI
An industrial property located at 13-20 131st St in Queens has recently been involved in a closed transaction. The property spans a total of 29,134 square feet and is situated in the Queens market. The transaction took place on 12/05/2019.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not specified
- Tenant: Green Lite Trading Inc / Original Cabinetry Inc
- Landlord: Roy Schlegel
- Brokers: Stephen R. Preuss - Team Preuss, Kevin Louie - Team Preuss
- Asking Rent: $18
Stephen R. Preuss and Kevin Louie from Team Preuss represented the parties involved in the deal.
Players
College Point 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