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Adam Gordon Acquires Industrial Property In College Point Queens For $35.83M From R Anthony Benten
SOLD
$35,828,200
New York
See Similar DealsIndustrial252,890 SF
Sold 02/21/2025
SOLD
Adam Gordon Acquires Industrial Property In College Point Queens For $35.83M From R Anthony Benten
28 10 Whitestone Expressway Service Road
See Similar DealsIndustrial252,890 SF
Sold 02/21/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$141
Total Square Footage:252,890 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,910,837.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$127,290.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$169,843.95
Annual Debt Service$2,038,127.36
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