Updated Oct 28, 2024
NJ&C Associates Leases Industrial Space In College Point At 18-12 128th Street
18-12 128th Street
$27
$27/SF
Building Size
4,680 SF
Asset Type
Industrial
Closing
Oct 31, 2022
About this deal
AI
An industrial property located at 18-12 128th Street in College Point has been leased. The property spans 4,680 square feet.
Summary of transaction details
- Property Type: Industrial
- Asking Rent: $27/ft.
- Square Footage: 4,680
- Address: 18-12 128th Street
- Market: College Point
Jessica Shon, the landlord, has leased the property to NJ&C Associates. The leasing deal was facilitated by Luca DiCiero, Faisal Gilani, and Devin Navarro from NY Space Finders.
The industrial lease at 18-12 128th Street in New York, New York leased for $27 in 2022. The building is 4,680 square feet, implying about 27 per square foot on the published price. Devin Navarro, Faisal Gilani, Luca DiCiero, NY Space Finders appear on the lease alongside NY Space Finders. This page is the New York, New York file for the 18-12 128th Street industrial leased: pricing, party profiles, and other closed industrial comps from the same New York sit in the Market section below. Filter that New York industrial set by closing date to see what else leased near 18-12 128th Street around 2022. Published consideration for 18-12 128th Street is $27, dated 2022. Cite this NJ&C Associates Leases Industrial Space In College Point At 18-12 128th Street lease when underwriting similar industrial product around New York, New York.
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
587518.52%
Cash-on-Cash
-167914.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93