SOLDIndustrial
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
$215,500,000
Building Size
—
Asset Type
Industrial
Closing
Jun 1, 2023
AI
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
NE
NRG EnergySeller
Astoria 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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93