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24-81 47th Street

L'Esperance Family Acquires Industrial Property In New York City For $3.9M
SOLDIndustrial

L'Esperance Family Acquires Industrial Property In New York City For $3.9M

24-81 47th Street

$3,900,000

$780/SF

Building Size

5,000 SF

Asset Type

Industrial

Closing

Dec 14, 2022

AI

The industrial property located at 24-81 47th Street in New York City has been sold. The transaction took place on 12/14/2022 for a sale price of $3,900,000. The property spans across 5,000 square feet, resulting in a price per square foot of $780.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,900,000
  • Address: 24-81 47th Street, New York City
  • Market: New York City

The buyer of the property is the L'Esperance Family, while Esther Rosengarten is the seller. Ryan Perkoski from RPR Ventures represented both parties as the broker in this deal.

Players

Ryan Perkoski

Broker

$156.7M

vol

21 deals

Broker

New York City 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

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93