Mehra Properties Acquires Industrial Property In College Point For $12.45M
15-30 130th St, Flushing, NY 11356, USA
$12,450,000
$332/SF
Building Size
37,485 SF
Asset Type
Industrial
Closing
Sep 3, 2020
AI
The industrial property located at 15-30 130th Street in College Point was sold on September 4, 2020. The property, with a total square footage of 37,485, was sold for a price of $12,450,000. This translates to a price per square foot of $332. The property is zoned as M1-1, indicating its industrial use.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,450,000
- Buyer: Mehra Properties – Ryan & Ashok Mehra
- Seller: Basil Messados
- Address: 15-30 130th Street, College Point
- Market: College Point
- Zoning: M1-1
The buyer in this transaction is Mehra Properties, represented by Ryan & Ashok Mehra. The seller of the property is Basil Messados.
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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93