Updated May 22, 2025
Benei Chayil Properties LLC Acquires Industrial Building In Staten Island For $16.8M
175 Lake Avenue
$16,800,000
$324/SF
Building Size
51,816 SF
Asset Type
Industrial
Closing
Mar 20, 2025
About this deal
AI
The industrial building located at 175 Lake Avenue in Staten Island has a sale price of $16,800,000. This property encompasses 51,816 square feet of space and features 139,123 square feet of air rights, providing significant potential for future development. It is situated in the Mariners Harbor market, emphasizing its strategic location for industrial operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,800,000
- Buyer: Juda Lefkowitz - Benei Chayil Properties LLC
- Seller: NetCost Market
- Building Size: 51,816 SF
- Price Per Square Foot: $324
- BSF: 190,580
- Price Per BSF: $88
Benei Chayil Properties LLC, led by Juda Lefkowitz, acquired the property from NetCost Market in a transaction completed on March 20, 2025. This deal highlights the involvement of key individuals and entities in the industrial real estate sector.
Players
Staten Island 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93