Updated Sep 4, 2026
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:
- Property Type: Industrial
- Transaction Amount: $4,929,000
- Address: 20-48 119th Street
- Market: College Point
- Square Footage: 10,800
- Price Per Square Foot: $456
- Buyer's Representative: Ruben Kast De Martinez & Michael Maunsell - SymmetryCRG
- Seller's Representative: Joseph Lagano II & Reid Berch - Avison Young
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
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
3.22%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93