Updated Dec 4, 2024
CW Metals Leases Industrial Space In Long Island City With Landlord Dionysios Vlachos And Broker Harry Zikos - Oxford Property Group
39-13 24th Street
$21
$21/SF
Building Size
8,750 SF
Asset Type
Industrial
Closing
Oct 12, 2023
About this deal
AI
The industrial property located at 39-13 24th Street in Long Island City has been leased. The property spans 8,750 square feet and is situated in the Long Island City market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Lease
- Address: 39-13 24th Street
- Market: Long Island City
The landlord for this lease is Dionysios Vlachos, while CW Metals is the tenant. The lease was facilitated by broker Harry Zikos from Oxford Property Group. The asking rent for the property was $21 per square foot. The lease type is a Modified Gross Lease, with a lease term of 10 years.
Note: Harry Zikos of Oxford Property Group exclusively represented the landlord in this industrial lease transaction in Long Island City. He specializes in representing wealthy family offices across various markets and asset types, including commercial, residential, retail, multifamily, and new development marketing needs. For more information, contact Harry Zikos at 347.901.3129 or [email protected].
Long Island City 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
755380.95%
Cash-on-Cash
-215890.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93