Updated Aug 24, 2026
David Harary Acquires 18,600 Square Foot Industrial Property In Queens From Eugene Cardone For $5.55M
130-10 180th Street
$5,550,000
$298/SF
Building Size
18,600 SF
Asset Type
Industrial
Closing
Aug 9, 2026
About this deal
AI
David Harary purchased an 18,600-square-foot industrial property at 130-10 180th Street in Queens from Eugene Cardone for $5.55 million. The August 2026 transaction values the Queens industrial asset at $298 per square foot.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $5,550,000
- Address: 130-10 180th Street
- Market: Queens
- Square Footage: 18,600
- Price Per Square Foot: $298
- Buyer: David Harary
- Seller: Eugene Cardone
David Harary engaged in the purchase of the property, while Eugene Cardone finalized the sale. The transaction reflects the engagement of key individuals in the industrial real estate market within Queens.
Players
Jamaica 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
2.86%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93