Updated May 27, 2025
Joseph Oppedisano Acquires Industrial Property In Long Island City For $3.65M
32-32 Greenpoint Avenue
$3,650,000
$294/SF
Building Size
12,400 SF
Asset Type
Industrial
Closing
Oct 26, 2022
About this deal
AI
An industrial property located at 32-32 Greenpoint Avenue in Long Island City has been sold for $3,650,000. The property spans approximately 12,400 square feet, resulting in a price per square foot of $294.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,650,000
- Address: 32-32 Greenpoint Avenue
- Market: Long Island City
The buyer, Joseph Oppedisano, acquired the property from the Estate of Gatti, represented by Robert N Gatti. The deal was facilitated by the brokers Samia Farah and Mitchell Slavuter from Prime Realty.
On the Map
$3,650,000
$294/SF
Industrial
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Players
New York 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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93