Damiano Petruccelli Acquires Industrial Property In College Point For $4.37M
SOLD
New York
See Similar DealsIndustrial10,000 SF
Sold 04/24/2019
SOLD
Damiano Petruccelli Acquires Industrial Property In College Point For $4.37M
2016 130th Street, College Point, NY 11356, USA
See Similar DealsIndustrial10,000 SF
Sold 04/24/2019
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$437
Total Square Footage:10,000 SF
Transaction Type:Sale
The industrial property located at 20-16 130th St in College Point has been sold for a price of $4.37 million. The property has a total square footage of 10,000 and a price per square foot of $437. The transaction took place on April 24, 2019.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4.37 million
- Address: 20-16 130th St
- Market: College Point
- Square Footage: 10,000
The seller of the property is Dan Gordon, while the buyer is Damiano Petruccelli. The deal was facilitated by Brian Jaffe from Jaffe Realty, representing both parties in the transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$233,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,543.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,739.73
Annual Debt Service$248,876.78
Is there something missing? Send suggestions