Hui Wang Acquires Industrial Property In College Point For $5.35M
SOLD
$5,350,000
New York
See Similar DealsIndustrial24,000 SF
Sold 12/10/2021
SOLD
Hui Wang Acquires Industrial Property In College Point For $5.35M
15 127th Street, College Point, NY 11356
See Similar DealsIndustrial24,000 SF
Sold 12/10/2021
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$222
Total Square Footage:24,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$285,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,007.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,361.73
Annual Debt Service$304,340.75
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