Terra CRG Brokers Acquire Industrial Property On 42nd Street In New York City For $2.2M
119 42nd Street
$2,200,000
$439/SF
Building Size
5,008 SF
Asset Type
Industrial
Closing
Mar 30, 2023
AI
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.
Players
Market 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93