Michael Steinberg & Sammy Kapoor Represent Sale Of Industrial Asset At 110 Denton Avenue For $3.6M
110 Denton Avenue
$3,600,000
$281/SF
Building Size
12,800 SF
Asset Type
Industrial
Closing
Oct 10, 2024
AI
The asset involved in this transaction is an industrial property located at 110 Denton Avenue in the Garden City Park market. The sale price was $3,600,000, and the property has a total square footage of 12,800, resulting in a price per square foot of $281.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,600,000
- Square Footage: 12,800
- Price per Square Foot: $281
- Address: 110 Denton Avenue
- Market: Garden City Park
- Brokers: Michael Steinberg & Sammy Kapoor
Michael Steinberg and Sammy Kapoor acted as brokers in this transaction, representing the interests of the parties involved. Their roles were crucial in facilitating the successful completion of the sale.
Players
New Hyde 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93