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18-14 128th Street, College...

Deborah Banerjee Buys Industrial Property In College Point For $1.56M
SOLDIndustrial

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

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.

Players

Brendan Burke

Broker

$68M

vol

14 deals

Broker

Michael Prete

Seller

$5.4M

vol

3 deals

Seller

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