Joseph Oppedisano Acquires Industrial Property In Long Island City For $3.65M
SOLD
$3,650,000
New York
See Similar DealsIndustrial12,400 SF
Sold 10/26/2022
SOLD
Joseph Oppedisano Acquires Industrial Property In Long Island City For $3.65M
32-32 Greenpoint Avenue
See Similar DealsIndustrial12,400 SF
Sold 10/26/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$294
Total Square Footage:12,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35
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