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110 Denton Avenue

Michael Steinberg & Sammy Kapoor Represent Sale Of Industrial Asset At 110 Denton Avenue For $3.6M
SOLDIndustrial

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

Sammy Kapoor

Broker

$11.3M

vol

2 deals

Broker

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