facebook
Traded Co logo
Submit

Michael Sclafani Acquires Industrial Property In Queens Village For $1.8M

Property Image
SOLD
$1,800,000

New York

See Similar Deals
Industrial7,796 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Michael Sclafani Acquires Industrial Property In Queens Village For $1.8M

220-05 97th Avenue, Queens, New York 11429, United States

See Similar Deals
Industrial7,796 SF
Sold
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$230
Total Square Footage:7796 SF
Transaction Type:Sale

The industrial property located at 220-05 97th Avenue in Queens Village has been sold in a recent transaction. The sale was facilitated by brokers Jakub Nowak and Jonathan Eshaghian from The Nowak Group, who represented the buyer and seller respectively. The property was purchased by Michael Sclafani from Gerald Matlin for a total price of $1,800,000.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,800,000
  • Date: 06/21/2022
  • Address: 220-05 97th Avenue
  • Market: Queens Village
  • Buyer: Michael Sclafani
  • Seller: Gerald Matlin
  • Brokers: Jakub Nowak & Jonathan Eshaghian (The Nowak Group) - Marcus & Millichap

The property spans a total area of 7,796 square feet, resulting in a price per square foot of $230. For further information about selling industrial or office properties in NYC, interested individuals can reach out to the experts at The Nowak Group. Jakub Nowak can be contacted at 718-475-4353, and Jonathan Eshaghian can be reached at 718-475-4379.

Players

18 deals$155.6M volume(917) 733-8879
BROKER

Details

SOLD
IMAGE: Jakub Nowak & Jonathan Eshaghian DATE: 06/21/2022 ADDRESS: 220-05 97th Avenue MARKET: Queens Village ASSET TYPE: Industrial BUYER: Michael Sclafani SELLER: Gerald Matlin BROKERS: Jakub Nowak (@Jakub_H_Nowak) & Jonathan Eshaghian (@J_Eshag) (The Nowak Group) (@The_Nowak_Group) - Marcus & Millichap (@MarcusMillichap_NY) SALE PRICE: $1,800,000 SF: 7,796 ~ PPSF: $230 NOTE FROM @The_Nowak_Group: We are one of the most active office & industrial teams in NYC. To speak with one of our experts versed in the unique challenges involved in the sale of your office or industrial property, please give us a call. Jakub Nowak – 718-475-4353, Jonathan Eshaghian – 718-475-4379.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02