Updated Oct 29, 2024
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
About this deal
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:
- Property Type: Lease
- Transaction Amount: 20
- Address: 1819 Flushing Ave, New York, NY, 11385
- Market: Ridgewood
- Square Feet: 34700
- Tenant: Gotham Plumbing Supply
- Landlord: Lewis Realty Corp.
- Tenant's Rep: Jon Smilowitz-Douglas Elliman Commercial
- Landlord's Rep: Joseph Eliasoph-Sholom and Zuckerbrot Realty
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.
On the Map
$20
$20/SF
Industrial
View full map
Players
Ridgewood Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
Deal FAQ
Visit Douglas Elliman to view all their deals.
Browse Ridgewood industrial leases on Traded.
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