Updated Sep 11, 2026
Total Construction Co Acquires Industrial Property In Queens For $7.9M
142-50 Rockaway Boulevard
$7,935,000
$238/SF
Building Size
33,250 SF
Asset Type
Industrial
Closing
Jan 13, 2023
About this deal
AI
The industrial property located at 142-50 Rockaway Boulevard in Queens was recently sold in a transaction. The property is situated in a highly desirable location in Queens, a market known for its industrial sector. The sale price for this transaction was $7,935,000, reflecting the value of the property and its potential for future development. The property spans 33,250 square feet, with a price per square foot of $239.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,935,000
- Address: 142-50 Rockaway Boulevard, Queens
- Market: Queens
The buyer in this transaction was Total Construction Co, represented by Sukhinder Singh. The seller of the property was Stossel Family. The deal was facilitated by Daniel O'Brien, William Diana, Caroline Hodes, and Dylan Walsh of Cushman & Wakefield. Their expertise in the industrial sector and knowledge of the Queens market played a crucial role in ensuring a successful transaction.
On the Map
$7,935,000
$238/SF
Industrial
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Players
Queens 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
2.00%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93