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1819 Flushing Ave, New York...

Gotham Plumbing Supply Leases 34700 SF At 1819 Flushing Ave Ridgewood For $20/SF
LEASEDIndustrial

Gotham Plumbing Supply Leases 34700 SF At 1819 Flushing Ave Ridgewood For $20/SF

1819 Flushing Ave, New York, NY, 11385

$20

$20/SF

Building Size

34,700 SF

Asset Type

Industrial

Closing

Aug 28, 2017

AI

The property asset involved in the transaction is located at 1819 Flushing Ave, New York, NY, 11385. It is situated in the Ridgewood market with a rental price of $20 per square foot and consists of a total area of 34,700 square feet.

Summary of transaction details:

The key individuals involved in the deal include Jon Smilowitz from Douglas Elliman Commercial representing the tenant and Joseph Eliasoph from Sholom and Zuckerbrot Realty representing the landlord. Both representatives played critical roles in facilitating the lease transaction between Gotham Plumbing Supply and Lewis Realty Corp.

Players

Jon Smilowitz

Douglas Elliman

Broker

1 deal

Broker

Ridgewood 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

793150.00%

Cash-on-Cash

-226684.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93