Updated Oct 29, 2024
SOLDIndustrial
Snowball Properties LLC Acquires Industrial Property In Queens For $6.45M
31-05 20th Ave, Long Island City, NY 11105, USA
Building Size
22,800 SF
Asset Type
Industrial
Closing
Oct 30, 2017
About this deal
AI
An industrial property located at 31-05 20th Avenue in New York City's Queens market has been sold for $6,450,000. The property spans 22,800 square feet, resulting in a price per square foot of $282. The transaction involved R&R Realty Enterprises LLC as the seller and Snowball Properties LLC as the buyer.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,450,000
- Address: 31-05 20th Avenue
- City: New York
- Market: Queens
- Square Footage: 22,800
- Price Per Square Foot: $282
Representatives involved in the deal include:
- Seller's Representative: R&R Realty Enterprises LLC
- Buyer's Representative: Snowball Properties LLC
Players
Astoria Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93