Updated Dec 21, 2023
Michael Goff Acquires Industrial Property In South Astoria, Queens For $3.7M
24-26 47th St, Long Island City, NY 11103, USA
$3,675,000
$337/SF
Building Size
10,900 SF
Asset Type
Industrial
Closing
Aug 30, 2020
About this deal
AI
The industrial property located at 24-26 47 St. in South Astoria, Queens was sold on August 31, 2020. The transaction involved a total price of $3,675,000 with a square footage of 10,900. The property is classified as an industrial asset and is zoned as M1-1. The tax class for this property is 4 and it sits on a lot size of 5,465.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,675,000
- Square Footage: 10,900
- Address: 24-26 47 St.
- Market: South Astoria, Queens
- Zoning: M1-1
- Tax Class: 4
- Lot Size: 5,465
The buyer of the property is Michael Goff and the seller is Carolyn J. Hebel. Both parties were represented by their respective brokers in this transaction.
Players
Woodside 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
4.32%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93