Updated Dec 21, 2023
Rodney Whitley Acquires Industrial Property In Rochdale, Queens For $3.1M
185-25 North Conduit Avenue, Queens, Queens County, NY, USA
$3,137,775
$2,723/SF
Building Size
1,152 SF
Asset Type
Industrial
Closing
Oct 28, 2021
About this deal
AI
Located in Rochdale, Queens, the industrial property at 185-25 North Conduit Avenue has been sold in a recent transaction. With a lot size of 39,000 square feet, the property features a building size of 19,500 square feet, translating to a price per square foot of $161. The total purchase price for the property is $3,137,775, with each square foot amounting to $2,724.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $3,137,775
- Market: Rochdale, Queens
The buyer in this transaction is Rodney Whitley, while James A Weil is the seller. The property's zoning is categorized as R3A and C2-2, indicating its suitability for various industrial purposes. The property falls under tax class 4, and its floor area ratio (FAR) is 0.03.
Notable details about the property include its previous sale, which occurred on December 29, 2010, for a price of $1,725,678. The lot dimensions measure 138 feet by 82 feet.
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit James A Weil to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.06%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93