Bow Tie Partners Acquires Industrial Property In Ridgewood For $13.2M
1630 Cody Avenue, Queens, New York 11385, United States
$13,200,000
$333/SF
Building Size
39,550 SF
Asset Type
Industrial
Closing
Aug 9, 2022
AI
The industrial property located at 1630 Cody Avenue in Ridgewood has been sold in a recent transaction. The property spans a total of 39,550 square feet and is situated in a thriving market. The sale was completed on 08/10/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,200,000
- Price per Square Foot: $333
Bow Tie Partners purchased the property from Anthony James Leventhal. Charles B. Moss, Jr. & Ben Moss represented the buyers in this transaction.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93