Chip City Leases Industrial Space In College Point, Queens's 15-32 127th Street
15-32 127th Street, College Point, Queens County, NY, USA
Building Size
18,000 SF
Asset Type
Industrial
Closing
May 2, 2021
AI
An industrial property located at 15-32 127th Street in College Point, Queens has recently been leased. The transaction took place on 05/03/2021.
Summary of transaction details
- Property Type: Industrial
- Asking Rent: $16-18/ft. ~ SF: 18,000
- Tenant: Chip City - Eddie Mamiye
- Landlord: Lawrence Cerullo
- Broker: Luca Diciero - NY Space Finders @NYSpaceFinders
Chip City, represented by Eddie Mamiye, has secured a lease for this industrial property. The landlord, Lawrence Cerullo, facilitated the deal with the assistance of broker Luca Diciero from NY Space Finders.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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