Hui Wang Acquires Industrial Property In College Point For $5.35M
15 127th Street, College Point, NY 11356
$5,350,000
$222/SF
Building Size
24,000 SF
Asset Type
Industrial
Closing
Dec 10, 2021
AI
A 24,000 square foot industrial property located at 15-32 127th Street in College Point has been sold for $5,350,000. The property, zoned as M1-2, was purchased by Hui Wang from Lawrence Cerullo. This sale equates to a price per square foot of $223.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,350,000
- Address: 15-32 127th Street
- Market: College Point
- Zoning: M1-2
Barbie Li represented the buyer, Hui Wang, while Luca Di Ciero from NY Space Finders represented the seller, Lawrence Cerullo.
Players
New York 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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93