An Industrial Property Sold In College Point, Queens For $1.5M
18-12 128th Street, College Point, Queens County, NY, USA
$1,545,000
$330/SF
Building Size
4,670 SF
Asset Type
Industrial
Closing
Sep 11, 2018
AI
The property asset involved in this transaction is located at 18-12 128th Street in College Point, Queens. The asset type is industrial, with a sale price of $1,545,000 and a total square footage of 4,670.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,545,000
- Address: 18-12 128th Street
- Market: College Point, Queens
- Seller: Michael Prete
- Broker: Luca Di Ciero, FOUNDER & CEO, @NYSPACEFINDERS
This transaction involved key individuals such as the seller, Michael Prete, and the broker representing him, Luca Di Ciero, who is the Founder and CEO of NYSPACEFINDERS, providing brokerage services for this deal.
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
10.27%
Cash-on-Cash
-2.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93