Updated Dec 4, 2024
Sukhjinder Singh Acquires Industrial Building In Richmond Hill, Queens For $3.4M
117-17 Atlantic Avenue
$3,400,000
$283/SF
Building Size
12,000 SF
Asset Type
Industrial
Closing
Oct 3, 2023
About this deal
AI
An industrial building located at 117-17 Atlantic Avenue in Richmond Hill, Queens has been sold for $3.4 million. The property spans a total of 12,000 square feet and has a price per square foot of $283. The buyer, Sukhjinder Singh, represented by the entity 364-372 Investors LLC, acquired the building from the seller, Manjit Kaur.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,400,000
- Building Square Footage: 12,000
- Price per Square Foot: $283
- Address: 117-17 Atlantic Avenue, Richmond Hill, Queens
- Buyer: Sukhjinder Singh (represented by 364-372 Investors LLC)
- Seller: Manjit Kaur
Sukhjinder Singh, along with the entity 364-372 Investors LLC, has purchased the industrial building at 117-17 Atlantic Avenue. The transaction amount of $3.4 million reflects the sale price of the property.
Players
Richmond Hill 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93