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5825 52nd Ave, Queens, NY, ...

Liform Imports Leases Industrial Space In Woodside, Queens For $18/SF
LEASEDIndustrial

Liform Imports Leases Industrial Space In Woodside, Queens For $18/SF

5825 52nd Ave, Queens, NY, 11377

$18

$18/SF

Building Size

18,350 SF

Asset Type

Industrial

Closing

Jan 20, 2017

AI

The industrial property located at 5825 52nd Ave, Queens, NY, 11377 in the Woodside market has been leased. The asset, with a total square footage of 18,350, was leased by tenant Liform Imports from the landlord RHK Associates at a rate of $18 per square foot.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: Not Applicable
  • Tenant: Liform Imports
  • Tenant's Rep: Vincenzo Amato()
  • Landlord: RHK Associates
  • Landlord's Rep: Neil Dolgin()

Vincenzo Amato served as the tenant's representative in the lease transaction, while Neil Dolgin represented the landlord. Liform Imports, as the tenant, secured the industrial space in Woodside with a sizable square footage for their business operations, leasing directly from RHK Associates.

Players

Neil Dolgin

Broker

$4.2M

vol

4 deals

Broker
RA
RHK AssociatesLandlord

Woodside 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

881277.78%

Cash-on-Cash

-251871.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93