Updated Sep 2, 2026
Andrew Joblon Of Turnbridge Equities Acquires Industrial Lot In College Point For $20M
20 25 130th Street
$20,000,000
$194/SF
Building Size
103,000 SF
Asset Type
Industrial
Closing
Jul 21, 2025
About this deal
AI
A 103,000-square-foot vacant lot was sold for $20 million at 20-25 130th Street in College Point, Queens. The transaction involved an industrial asset, highlighting a significant investment in the area.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Buyer: Andrew Joblon - Turnbridge Equities
- Seller: Zano Industries
- Broker: Mathew Diana - DY Realty Group
- Price Per Square Foot: $194
- Total Square Footage: 103,000
- Market: College Point, Queens
The transaction was facilitated through a bankruptcy sale, indicating a strategic acquisition for Turnbridge Equities to enhance their portfolio in the industrial sector.
Players
College Point 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93