facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

19-19 37th Street, Astoria,...

Seagis Property Group Acquires Industrial Property In Astoria, Queens For $14.4M
SOLDIndustrial

Seagis Property Group Acquires Industrial Property In Astoria, Queens For $14.4M

19-19 37th Street, Astoria, Queens County, NY, USA

$14,400,000

$626/SF

Building Size

23,000 SF

Asset Type

Industrial

Closing

Nov 23, 2021

AI

A 23,000 square foot industrial property located at 19-19 37th Street in Astoria, Queens was recently sold for $14,400,000. The property was acquired by Seagis Property Group, with Stefan Sansone representing the buyer. The transaction was facilitated by brokers Andreas Efthymiou, Stephen R. Preuss Sr., and Joe Grotto.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $14,400,000
  • Address: 19-19 37th Street, Astoria, Queens
  • Market: Astoria, Queens
  • Buyer: Seagis Property Group - Stefan Sansone
  • Brokers: Andreas Efthymiou, Stephen R. Preuss Sr., Joe Grotto
  • Square Footage: 23,000

This transaction highlights the successful collaboration between Seagis Property Group and their representative, Stefan Sansone. The deal was facilitated by brokers Andreas Efthymiou, Stephen R. Preuss Sr., and Joe Grotto, who played a crucial role in bringing the parties together and negotiating the sale of this industrial property in Astoria, Queens.

Players

Andreas Efthymiou

Ripco

Broker

$1.1B

vol

128 deals

Broker

Stefan Sansone

Seagis Property Group

Buyer

$173.9M

vol

4 deals

Buyer

Astoria Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.10%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93