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

Property Image
SOLD
$2,600,000

New York

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Industrial9,175 SF
Sold 09/17/2024
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Property Image
SOLD

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

1825 128th Street

See Similar Deals
Industrial9,175 SF
Sold 09/17/2024
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$283
Total Square Footage:9,175 SF
Transaction Type:Sale

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 (Mat) Diana
DY Realty Group
Mathew Diana
19 deals$415.6M volume
BROKER

Details

SOLD
IMAGE: Mathew Diana DATE: 09/17/2024 ADDRESS: 1825 128th Street MARKET: College Point ASSET TYPE: Industrial BROKER: Mathew Diana - DY Realty Group (@DYRealtyGroup) SALE PRICE: $2,600,000 SF: 9,175 ~ PPSF: $283 NOTE FROM BROKER: DY does it again! Specializing in sales and leasing for small and large industrial assets in the outer boroughs of New York City for over 40 years. If you have a property you are interested in selling or leasing, or would like a complimentary valuation, contact Mat at 718-729-7474. DY is looking to expand its team. If you're interested in a career in industrial real estate, please contact us.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
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