Sing Lau Acquires Industrial Asset In College Point For $2.15M With Ripco Brokers
122 14 15th Avenue
$2,150,000
$286/SF
Building Size
7,500 SF
Asset Type
Industrial
Closing
Feb 12, 2026
AI
The industrial property located at 122-14 15th Avenue in College Point was sold for $2,150,000. The asset encompasses a total area of 7,500 square feet, translating to a price per square foot of $286.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,150,000
- Address: 122-14 15th Avenue
- Market: College Point
- Square Footage: 7,500
- Price Per Square Foot: $286
- Buyer: Sing Lau
- Brokers: Kevin Schmitz, Stephen R. Preuss Sr., Kevin Louie & Andreas Efthymiou - Ripco
The transaction involved the representation of the buyer, Sing Lau, by the team of brokers including Kevin Schmitz, Stephen R. Preuss Sr., Kevin Louie, and Andreas Efthymiou from the real estate agency Ripco.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93