Updated Oct 28, 2024
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
About this deal
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.
The industrial sale at 1630 Cody Avenue, Queens, New York 11385, United States in New York, New York sold for $13.2M in 2022. The building is 39,550 square feet, implying about 333 per square foot on the published price. This page is the New York, New York file for the 1630 Cody Avenue, Queens, New York 11385, 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 1630 Cody Avenue, Queens, New York 11385, United States around 2022. Published consideration for 1630 Cody Avenue, Queens, New York 11385, United States is $13.2M, dated 2022. Cite this Bow Tie Partners Acquires Industrial Property In Ridgewood For $13.2M 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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93