Adam Gordon Acquires Industrial Property In College Point Queens For $35.83M From R Anthony Benten
28 10 Whitestone Expressway Service Road
$35,828,200
$141/SF
Building Size
252,890 SF
Asset Type
Industrial
Closing
Feb 21, 2025
AI
Adam Gordon purchased an industrial property at 28-10 Whitestone Expressway located in College Point, Queens. The sale was finalized for $35,828,200, representing $142 per square foot for a total of 252,890 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $35,828,200
- Buyer: Adam Gordon
- Seller: R Anthony Benten
- Square Footage: 252,890
- Price per Square Foot: $142
- Date of Transaction: 02/21/2025
- Address: 28-10 Whitestone Expressway, College Point, Queens
The transaction involved Adam Gordon as the buyer and R Anthony Benten as the seller, marking a significant deal in the industrial market of College Point, Queens.
Players
Whitestone 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93