facebook
Traded Co logo
Submit

Speed Post Industrial Property Sold In Queens For $3.2M

Property Image
SOLD
$3,200,000

New York

See Similar Deals
Industrial11,000 SF
Sold 07/28/2022
the dealplayerscompscontact
Property Image
SOLD

Speed Post Industrial Property Sold In Queens For $3.2M

114-16 Rockaway Boulevard

See Similar Deals
Industrial11,000 SF
Sold 07/28/2022
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$290
Total Square Footage:11,000 SF
Transaction Type:Sale

Located at 114-16 Rockaway Blvd. in Queens, this industrial property was recently sold in a speedy transaction. The property spans 11,000 square feet and was sold for a total price of $3,200,000, resulting in a price per square foot of $290. The property showcases its value in the vibrant Queens market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,200,000
  • Square Feet: 11,000
  • Price per Square Foot: $290
  • Location: 114-16 Rockaway Blvd., Queens

The sale was facilitated by Chris Pesce and Ken Hester from Douglas Elliman Commercial, who represented the seller in this transaction. Their expertise and negotiation skills contributed to the successful sale of this industrial property in Queens. Situated in a prime location, this property offers immense potential for future growth and development.

Players

Christopher "Chris" Pesce
7 deals$15.1M volume
BROKER

Kenneth "Ken" Hester
Douglas Elliman
6 deals$13.2M volume
BROKER

Details

SOLD
IMAGE: POST SALE IMAGE: Chris Pesce & Ken Hester DATE: 07/28/2022 ADDRESS: 114-16 Rockaway Blvd. MARKET: Queens ASSET TYPE: Industrial SELLER’S REP: Chris Pesce (@PesceRealEstate) & Ken Hester (@Hester.Real.Estate) - Douglas Elliman Commercial SALE PRICE: $3,200,000 SF: 11,000 ~ PPSF: $290

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$170,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59