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26-15 Ulmer Street

DY Realty Group Represents Buyer In $31.85M Flushing Industrial Sale
SOLDIndustrial

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:

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

Mathew Diana

DY Realty Group

Broker

$415.6M

vol

19 deals

Broker

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