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77th Ave & 88th St, Queens,...

CDL Last Mile Solutions Leases Industrial Space At 88-36 77th Avenue In Glendale, Represented By Jill Pescatore & Lauren Curcio - Worth Property Group LLC
LEASEDIndustrial

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

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

John Ritter

Sholom & Zuckerbrot Realty

Broker

1 deal

Broker

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