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20-48 119th Street

Updated Sep 4, 2026

Bilt advertisement
20-48 119th Street Industrial Property Sold For $4.93M With Buyer's Rep Ruben Kast De Martinez & Michael Maunsell
SOLDIndustrial

20-48 119th Street Industrial Property Sold For $4.93M With Buyer's Rep Ruben Kast De Martinez & Michael Maunsell

20-48 119th Street

$4,929,000

$456/SF

Building Size

10,800 SF

Asset Type

Industrial

Closing

Aug 25, 2026

About this deal

AI

The asset involved in this transaction is an industrial property located at 20-48 119th Street in College Point, Queens. The transaction was completed at a sale price of $4,929,000, with a total area of 10,800 square feet, leading to a price per square foot of $456.

Summary of transaction details:

This successful transaction was facilitated by the efforts of Ruben Kast De Martinez and Michael Maunsell representing the buyer, alongside Joseph Lagano II and Reid Berch representing the seller. The transaction process was noted for being smooth and efficient, culminating in a successful closure.

Players

Reid Berch

Avison Young

Broker

$73.5M

vol

2 deals

Broker

College Point Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $456 per square foot on a published $4.9M for 10,800 square feet (2026).

Visit Reid Berch to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.22%

Cash-on-Cash

-0.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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