Mehra Properties Acquires Industrial Property In College Point For $12.45M
SOLD
$12,450,000
New York
See Similar DealsIndustrial37,485 SF
Sold 09/04/2020
SOLD
Mehra Properties Acquires Industrial Property In College Point For $12.45M
15-30 130th St, Flushing, NY 11356, USA
See Similar DealsIndustrial37,485 SF
Sold 09/04/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$332
Total Square Footage:37,485 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$664,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,232.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,019.35
Annual Debt Service$708,232.22
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