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15-30 130th St, Flushing, N...

Mehra Properties Acquires Industrial Property In College Point For $12.45M
SOLDIndustrial

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

Ryan Mehra

Mehra Properties

Buyer

$48M

vol

7 deals

Buyer
MP
Mehra PropertiesBuyer

Basil Messados

Seller

$12.5M

vol

2 deals

Seller

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