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
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