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28 10 Whitestone Expressway...

Adam Gordon Acquires Industrial Property In College Point Queens For $35.83M From R Anthony Benten
SOLDIndustrial

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

Adam Gordon

Buyer

$736.8M

vol

14 deals

Buyer

Whitestone 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

0.44%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93