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119 42nd Street

Terra CRG Brokers Acquire Industrial Property On 42nd Street In New York City For $2.2M
SOLDIndustrial

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

Daniel Lebor

Terra CRG

Broker

$986.7M

vol

50 deals

Broker

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