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
New York City Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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