Imran Uddin Sells Industrial Buildings In Richmond Hill, Queens For $3.8M
100-15 94th Avenue
$3,800,000
$475/SF
Building Size
8,000 SF
Asset Type
Industrial
Closing
Dec 27, 2023
AI
A premium of $475 per square foot was paid for two commercial buildings in Ozone Park, Richmond Hill, Queens. The total square footage of the buildings is 8,000 SF. The transaction was a sale for a total price of $3,800,000. The seller, Imran Uddin, sold the property to a user.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,800,000
- SF: 8,000
- PPSF: $475
- Address: 100-15 94th Avenue, Richmond Hill, Queens
- Market: Richmond Hill, Queens
The sale was facilitated by the real estate brokerage firm Cushman & Wakefield, with brokers Dylan Walsh, Jeremy Previte, and William Diana representing the seller, Imran Uddin. The premium price per square foot attracted a buyer to acquire the two commercial buildings.
Players
Ozone Park Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93