facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

2016 130th Street, College ...

Damiano Petruccelli Acquires Industrial Property In College Point For $4.37M
SOLDIndustrial

Damiano Petruccelli Acquires Industrial Property In College Point For $4.37M

2016 130th Street, College Point, NY 11356, USA

$4,375,000

$437/SF

Building Size

10,000 SF

Asset Type

Industrial

Closing

Apr 23, 2019

AI

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

Brian Jaffe

Jaffe Realty LLC

Broker

$107.8M

vol

9 deals

Broker

Damiano Petruccelli

Buyer

$8.8M

vol

2 deals

Buyer

Dan Gordon

Seller

$27.1M

vol

2 deals

Seller

New York 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

3.63%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93