L'Esperance Family Acquires Industrial Property In New York City For $3.9M
SOLD
$3,900,000
New York
See Similar DealsIndustrial5,000 SF
Sold 12/14/2022
SOLD
L'Esperance Family Acquires Industrial Property In New York City For $3.9M
24-81 47th Street
See Similar DealsIndustrial5,000 SF
Sold 12/14/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$780
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88
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