Updated Nov 9, 2026
Winn Peng Acquires Industrial Property In College Point For $18.96M With JianLi Zou As Buyer's Rep
115-05 15th Avenue
$18,960,000
$344/SF
Building Size
55,000 SF
Asset Type
Industrial
Closing
Oct 23, 2026
About this deal
AI
The property asset involved in this transaction is an industrial unit located at 115-05 15th Avenue, College Point. The sale price for the asset was $18,960,000, with a total square footage of 57,539. The price per square foot for this transaction is $330.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18,960,000
- Address: 115-05 15th Avenue
- Market: College Point
- Square Footage: 57,539
- Price per Square Foot: $330
- Buyer: Winn Peng
- Seller: Jo Kahn
- Buyer's Representative: JianLi Zou
- Seller's Representatives: David Junik, Paul Bralower, Nechama Liberow, Brendan Burke - Pinnacle Realty of New York
This transaction was facilitated with representations from Pinnacle Realty of New York, where David Junik, Paul Bralower, Nechama Liberow, and Brendan Burke acted on behalf of the seller, Jo Kahn, highlighting the collaborative efforts involved in the deal.
On the Map
$18,960,000
$344/SF
Industrial
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Players
College Point 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
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93