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Adam Gordon, Mike Bowden & Wes Gordon Acquire Industrial Property In East Elmhurst For $9.6M

Property Image
SOLD
$9,600,000
David Junik
Adam Gordon
JS

New York

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Industrial25,509 SF
Sold 06/06/2025
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Property Image
SOLD

Adam Gordon, Mike Bowden & Wes Gordon Acquire Industrial Property In East Elmhurst For $9.6M

22 29 90th Street

See Similar Deals
Industrial25,509 SF
Sold 06/06/2025
David Junik
Adam Gordon
JS
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$376
Total Square Footage:25,509 SF
Transaction Type:Sale

This industrial property at 22-29 90th Street in East Elmhurst has been sold for $9,600,000. The asset encompasses a total area of 25,509 square feet, providing a price per square foot of $376. The property is fully occupied and is leased to a leading EV company, showcasing a strong cap rate.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $9,600,000
  • Square Footage: 25,509
  • Price per Square Foot: $376
  • Buyer: Adam Gordon, Mike Bowden & Wes Gordon
  • Seller: Scott Barone & John Silviano
  • Broker: David Junik - Pinnacle Realty of New York
  • Date of Transaction: 6/6/2025
  • Market: East Elmhurst

The deal was facilitated by David Junik from Pinnacle Realty of New York, who represents the broker in this transaction. Pinnacle Realty of New York announced the successful sale of the property, located near LaGuardia Airport, emphasizing its investment potential in the industrial sector.

Players

David Junik
Pinnacle Realty of New York
David Junik
23 deals$651.4M volume
BROKER
Adam Gordon
Adam Gordon
14 deals$736.8M volume
BUYER
JS
John Silviano
5 deals$45.2M volume
SELLER

Details

SOLD
IMAGE: David Junik DATE: 6/6/2025 ADDRESS: 22-29 90th Street MARKET: East Elmhurst ASSET TYPE: Industrial BUYER: Adam Gordon, Mike Bowden & Wes Gordon SELLER: Scott Barone & John Silviano BROKER: David Junik (@DavidJunik) - Pinnacle Realty of New York (@PinnacleRENY) SALE PRICE: $9,600,000 SF: 25,509 ~ PPSF: $376 NOTE FROM BROKER: Pinnacle Realty of New York proudly announces the sale of a prime land parcel near LaGuardia Airport. This fully occupied property features a strong cap rate and is leased to a leading EV company. If you're looking to purchase an industrial property, whether a cap rate deal, development opportunity, or for your use feel free to reach out at [email protected]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$511,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,106.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,508.90
Annual Debt Service$546,106.77