Updated Oct 25, 2024
Chetan Singh Acquires 16,000 SF Industrial Building In Queens For $4.03M
178-18 107th Avenue
$4,035,000
$252/SF
Building Size
16,000 SF
Asset Type
Industrial
Closing
Apr 5, 2023
About this deal
AI
Chetan Singh has purchased an industrial property located at 178-18 107th Avenue in New York City. The property, spanning 16,000 square feet, was sold by Amy Dorf and Jason Dorf. The sale was facilitated by William Diana and Daniel O'Brien of Cushman & Wakefield.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,035,000
- Address: 178-18 107th Avenue, New York City
- Market: New York City
- Buyer: Chetan Singh
- Seller: Amy Dorf & Jason Dorf
- Brokers: William Diana & Daniel O'Brien - Cushman & Wakefield
- Square Footage: 16,000
- Price per Square Foot: $252
Cushman & Wakefield exclusively represented Dorf Associates in the sale of the industrial building. For more industrial properties in the outer boroughs of NYC, please contact Will Diana at 718-512-2622 or [email protected].
Players
Market 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
3.93%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93