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1825 128th Street

Mathew Diana Of DY Realty Group Sells Industrial Property At 1825 128th Street For $2.6M
SOLDIndustrial

Mathew Diana Of DY Realty Group Sells Industrial Property At 1825 128th Street For $2.6M

1825 128th Street

$2,600,000

$283/SF

Building Size

9,175 SF

Asset Type

Industrial

Closing

Sep 17, 2024

AI

The industrial asset located at 1825 128th Street in College Point has been sold for $2,600,000. The property encompasses a total of 9,175 square feet, resulting in a price per square foot of $283.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,600,000
  • Address: 1825 128th Street
  • Market: College Point
  • Square Footage: 9,175
  • Price per Square Foot: $283
  • Broker: Mathew Diana - DY Realty Group

Mathew Diana of DY Realty Group represented the transaction, leveraging over 40 years of experience in sales and leasing for industrial assets in the outer boroughs of New York City. DY Realty Group is also looking to expand its team and is inviting interested individuals to contact them for career opportunities in industrial real estate.

Players

Mathew Diana

DY Realty Group

Broker

$415.6M

vol

19 deals

Broker

College Point 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93