DY Realty Group Represents Buyer In $31.85M Flushing Industrial Sale
26-15 Ulmer Street
$31,850,000
$261/SF
Building Size
121,608 SF
Asset Type
Industrial
Closing
Jul 1, 2024
AI
The industrial property located at 26-15 Ulmer Street in Flushing was sold for $31,850,000. Spanning 121,608 square feet, the property was acquired at a price per square foot of $262. The seller, Judlau Contracting Inc, facilitated the transaction with the representation of brokers Mathew Diana & Justin Butts from DY Realty Group.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $31,850,000
- Address: 26-15 Ulmer Street
- Market: Flushing
- Square Footage: 121,608
- Seller: Judlau Contracting Inc
- Brokers: Mathew Diana & Justin Butts - DY Realty Group
Justin Butts and Mathew Diana, part of DY Realty Group, expertly represented the buyer in the sale of the industrial property. With over 40 years of experience, DY Realty Group specializes in the outer-borough industrial real estate market. For inquiries regarding property sales, leasing opportunities, or team collaborations, Justin and Mat can be reached at 718-729-7474.
Players
Flushing 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93