Updated Sep 9, 2024
Speed Post Industrial Property Sold In Queens For $3.2M
114-16 Rockaway Boulevard
$3,200,000
$290/SF
Building Size
11,000 SF
Asset Type
Industrial
Closing
Jul 28, 2022
About this deal
AI
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.
On the Map
$3,200,000
$290/SF
Industrial
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Players
Queens 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93