Updated Oct 28, 2024
Longpoint Property Group Acquires Industrial Asset In Springfield Gardens For $21.2M
152-65 Rockaway Boulevard, Queens, New York 11434, United States
$21,153,264
$315/SF
Building Size
66,976 SF
Asset Type
Industrial
Closing
Jul 4, 2022
About this deal
AI
The industrial property located at 152-65 Rockaway Boulevard in Springfield Gardens has been sold. The property spans 66,976 square feet and was sold for a total price of $21,153,264, resulting in a price per square foot of $315. The transaction took place on 07/05/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $21,153,264
- Address: 152-65 Rockaway Boulevard
- Market: Springfield Gardens
The buyer for this transaction is Longpoint Property Group, represented by Nilesh Bubna. The seller is John Leondis.
The industrial sale at 152-65 Rockaway Boulevard, Queens, New York 11434, United States in New York, New York sold for $21.2M in 2022. The building is 66,976 square feet, implying about 315 per square foot on the published price. Named participants on the 152-65 Rockaway Boulevard, Queens, New York 11434, United States sale are John Leondis, Nilesh Bubna. This page is the New York, New York file for the 152-65 Rockaway Boulevard, Queens, New York 11434, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same New York sit in the Market section below. Filter that New York industrial set by closing date to see what else sold near 152-65 Rockaway Boulevard, Queens, New York 11434, United States around 2022. Published consideration for 152-65 Rockaway Boulevard, Queens, New York 11434, United States is $21.2M, dated 2022. Cite this Longpoint Property Group Acquires Industrial Asset In Springfield Gardens For $21.2M sale when underwriting similar industrial product around New York, New York.
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
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93