Wentuan He Acquires Industrial Property In New York City From Geroge Rodriguez
SOLD
$4,600,000
New York
See Similar DealsIndustrial11,469 SF
Sold 08/10/2023
SOLD
Wentuan He Acquires Industrial Property In New York City From Geroge Rodriguez
129-20 18th Ave Queens, NY 11356, USA
See Similar DealsIndustrial11,469 SF
Sold 08/10/2023
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$401
Total Square Footage:11,469 SF
Transaction Type:Sale
An industrial property located at 129-20 18th Avenue in New York City has been sold for $4,600,000.00. The property spans 11,469 square feet, resulting in a price per square foot of $401. The transaction took place on 08/10/2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,600,000.00
- Square Footage: 11,469
- Price per Square Foot: $401
- Address: 129-20 18th Avenue, New York City
- Market: New York City
Wentuan He acquired the industrial property from Geroge Rodriguez. Barbie Li from B Square Realty represented the buyer, while Luca DiCiero from NY Space Finders represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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