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100-15 94th Avenue

Imran Uddin Sells Industrial Buildings In Richmond Hill, Queens For $3.8M
SOLDIndustrial

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

William Diana

WTD Realty Partners

Broker

$110.3M

vol

33 deals

Broker
Artemis Realty Advisors
Artemis Realty AdvisorsBrokerage

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