Terra CRG Brokers Acquire Industrial Property On 42nd Street In New York City For $2.2M
SOLD
$2,200,000
New York
See Similar DealsIndustrial5,008 SF
Sold 03/30/2023
SOLD
Terra CRG Brokers Acquire Industrial Property On 42nd Street In New York City For $2.2M
119 42nd Street
See Similar DealsIndustrial5,008 SF
Sold 03/30/2023
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$439
Total Square Footage:5,008 SF
Transaction Type:Sale
The industrial property located at 119 42nd Street in New York City has been sold for a price of $2,200,000. The property spans a total area of 5,008 square feet, resulting in a price per square foot of $439. The sale was facilitated by brokers Dan Marks, Daniel Lebor, and Jackson O'Neill from Terra CRG.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $2,200,000
- Address: 119 42nd Street, New York City
- Market: New York City
- Square Footage: 5,008
- Price per Square Foot: $439
The deal involved the expertise and representation of brokers Dan Marks, Daniel Lebor, and Jackson O'Neill from Terra CRG. As standout professionals in the industry, they were instrumental in closing the transaction successfully, showcasing their knowledge and proficiency in the New York City market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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