Updated Jun 5, 2026
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
About this deal
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.
On the Map
Industrial
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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