Updated Oct 29, 2024
Metropolitan Realty Associates Acquires Industrial Property In Long Island For $21.9M
195 13th Street, Queens, New York 11106, United States
$21,937,500
$215,073/SF
Building Size
102 SF
Asset Type
Industrial
Closing
Nov 17, 2022
About this deal
AI
The industrial property located at 195 13th Avenue in Long Island has been sold. The transaction took place on November 17, 2022.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $21,937,500
- Square Footage: 102,000
- Price per Square Foot: $215
- Market: Long Island
The buyer of the property is Metropolitan Realty Associates, represented by Joseph A. Farkas. The seller is the Finkelstein Family.
The brokers involved in the deal were Jordan Avanzato, Marc Duval, Nick Stefans, and Jacob Entel.
On the Map
$21,937,500
$215,073/SF
Industrial
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Players
Long Island City 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93