Updated Nov 20, 2023
Deborah Banerjee Buys Industrial Property In College Point For $1.56M
18-14 128th Street, College Point, NY, USA
$1,560,000
$334/SF
Building Size
4,670 SF
Asset Type
Industrial
Closing
Nov 20, 2018
About this deal
AI
The industrial property located at 18-14 128th Street in College Point was recently sold for a transaction amount of $1,560,000. The property spans 4,670 square feet, resulting in a price per square foot of $334. The sale took place on November 21, 2018.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,560,000
- Address: 18-14 128th Street, College Point
- Market: College Point
The seller of the property was Michael Prete, while the buyer was Deborah Banerjee. Luca Di Ciero from NYSpaceFinders, along with Johnny Zhou and Brendan Burke from Pinnacle Realty, represented the buyer in this transaction.
On the Map
$1,560,000
$334/SF
Industrial
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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
10.17%
Cash-on-Cash
-2.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93