CDL Last Mile Solutions Leases Industrial Space At 88-36 77th Avenue In Glendale, Represented By Jill Pescatore & Lauren Curcio - Worth Property Group LLC
77th Ave & 88th St, Queens, NY 11385, USA
$15
$15/SF
Building Size
63,383 SF
Asset Type
Industrial
Closing
Sep 20, 2019
AI
A industrial property located at 88-36 77th Avenue, Glendale was recently involved in a closed transaction. The property, spanning 63,383 square feet on the entire ground floor, was listed with an asking price of $15 per square foot. The transaction took place on September 20, 2019, and involved the tenant CDL Last Mile Solutions and the landlord Glendale Realty Co.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: N/A
- Address: 88-36 77th Avenue, Glendale
- Market: Glendale
- Tenant: CDL Last Mile Solutions
- Landlord: Glendale Realty Co.
- Landlord's Representative: John Ritter & Hillel Gal-Osher - Sholom & Zuckerbrot Realty LLC
- Tenant's Representative: Jill Pescatore & Lauren Curcio - Worth Property Group LLC
- Square Footage: 63,383
- Gross Income: $950,745
Jill Pescatore and Lauren Curcio from Worth Property Group LLC represented CDL Last Mile Solutions exclusively in this transaction. This deal was facilitated by John Ritter and Hillel Gal-Osher from Sholom & Zuckerbrot Realty LLC, who represented the landlord Glendale Realty Co.
Note: Lauren Curcio represents CDL Last Mile Solutions exclusively.
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
1057533.33%
Cash-on-Cash
-302246.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93