Updated Sep 9, 2024
Wentuan He Acquires Industrial Property In New York City From Geroge Rodriguez
129-20 18th Ave Queens, NY 11356, USA
$4,600,000
$401/SF
Building Size
11,469 SF
Asset Type
Industrial
Closing
Aug 10, 2023
About this deal
AI
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.
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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93