Marc Weil Acquires Fresh Meadows Industrial Property For $6.25M
175-22 Horace Harding Expressway, Fresh Meadows, NY, USA
$6,250,000
$2,441/SF
Building Size
2,560 SF
Asset Type
Industrial
Closing
Aug 31, 2021
AI
The industrial property located at 175-22 Horace Harding Expwy in Fresh Meadows has been sold for $6,250,000. The property spans 2,560 square feet, resulting in a price per square foot of $2,441. The lot size is 17,870 square feet, with dimensions of 117 feet by 172.67 feet. The property is zoned as R3-2 and C2-2, allowing for various uses.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,250,000
- Address: 175-22 Horace Harding Expwy, Fresh Meadows
- Market: Fresh Meadows
- Zoning: R3-2, C2-2
Marc Weil served as the buyer in this transaction, while James Weil acted as the seller. The property's last recorded sale was for $1,216,259 on December 29, 2010. A sign permit was issued on September 5, 2017.
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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93