Updated Sep 9, 2024
Gunman Singh Acquires Industrial Property In Long Island City From Alan Rothman
34-10 Borden Ave, Long Island City, Queens, NY, USA
$2,700,000
$300/SF
Building Size
8,977 SF
Asset Type
Industrial
Closing
Dec 22, 2020
About this deal
AI
Gunman Singh has purchased an industrial property located at 34-10 Borden Ave in Long Island City. The property was sold by Alan Rothman for a price of $2,700,000. The transaction took place on December 23, 2020. The property spans across 8,977 square feet, resulting in a price per square foot of $301.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $2,700,000
- Date: 12/23/2020
- Address: 34-10 Borden Ave
- Market: Long Island City
The sale of the industrial property was facilitated by brokers Stephen R. Preuss, Andreas Efthymiou, and William Diana of Cushman & Wakefield.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit William (Will) Diana to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93