Jennifer R.H. Sockel Acquires Industrial Building In Springfield Gardens, Queens For $25.4M
$25,409,375
$616/SF
Building Size
41,250 SF
Asset Type
Industrial
Closing
Sep 20, 2023
AI
An industrial building at 145-52 167th Street and two adjacent parcels, including 165-17 146th Avenue, in Springfield Gardens, Queens, has been sold for a total of $25.4 million. The property is acquired by Jennifer R.H. Sockel - Penske Truck Leasing, through Penske Truck Leasing Co., L.P., from Susan Nurge & John Nurge - Estate of Frederick A. Nurge.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $25,409,375
- Buyer: Jennifer R.H. Sockel - Penske Truck Leasing
- Seller: Susan Nurge & John Nurge - Estate of Frederick A. Nurge
- Address: 145-52 167th Street & 165-17 146th Avenue
- Market: Springfield Gardens, Queens
Penske Truck Leasing, operating through Penske Truck Leasing Co., L.P., has acquired an industrial building at 145-52 167th Street and two adjacent parcels, including 165-17 146th Avenue, in Springfield Gardens, Queens, for a total of $25.4 million.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93