Beacon Wind Land Acquires NRG Energy's Industrial Property In Astoria, Queens For $215.5M
SOLD
$215,500,000
New York
See Similar DealsIndustrial
Sold 06/01/2023
SOLD
Beacon Wind Land Acquires NRG Energy's Industrial Property In Astoria, Queens For $215.5M
31-01 20th Avenue, Queens, New York 11105, United States
See Similar DealsIndustrial
Sold 06/01/2023
Summary
NEW YORK
Asset Type:Industrial
Transaction Type:Sale
A 31-01 20th Avenue industrial property in Astoria, Queens, has been sold for $215,500,000. The transaction took place on January 6, 2023. The property, which is situated in the Astoria market, was sold by NRG Energy to Beacon Wind Land.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $215,500,000
- Date: January 6, 2023
- Address: 31-01 20th Avenue
- Market: Astoria, Queens
Mauricio Gutierrez captured an image of the property.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$11,493,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$765,625.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,021,579.94
Annual Debt Service$12,258,959.32
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