Updated Oct 28, 2024
Pillar Property Management Acquires Industrial Asset In Howard Beach For $3.5M
156 84th Street, Queens, New York 11414, United States
$3,500,000
$127/SF
Building Size
27,380 SF
Asset Type
Industrial
Closing
Aug 31, 2022
About this deal
AI
A 27,380 square feet industrial property located at 156-45 84th Street in Howard Beach has been sold for $3,500,000. The property was acquired by Pillar Property Management, represented by Kiumarz Geula, from Rockwood Park Jewish Center, represented by Harold Rosenbaum.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,500,000
- Address: 156-45 84th Street, Howard Beach
- Market: Howard Beach
- Square Footage: 27,380
- Price per Square Foot: $127
Pillar Property Management, led by Kiumarz Geula, successfully purchased the industrial property located at 156-45 84th Street in Howard Beach. The seller, Rockwood Park Jewish Center, was represented by Harold Rosenbaum throughout the transaction.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93