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32-32 Greenpoint Avenue

Joseph Oppedisano Acquires Industrial Property In Long Island City For $3.65M
SOLDIndustrial

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

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.

Players

Samia Farah

Kassin Sabbagh Realty

Broker

$14.2M

vol

5 deals

Broker

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