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34-37 37th Street, Astoria,...

Updated Oct 28, 2024

Storage Deluxe Acquires Industrial Property In Astoria For $20M
SOLDIndustrial

Storage Deluxe Acquires Industrial Property In Astoria For $20M

34-37 37th Street, Astoria, NY, USA

$20,000,000

$373/SF

Building Size

53,500 SF

Asset Type

Industrial

Closing

Aug 26, 2021

About this deal

AI

The industrial property located at 34-37 37th Street in Astoria has been sold for $20,000,000. The transaction took place on August 26, 2021, and the property is zoned as M1-5. The building has a total square footage of 53,500, with a price per square foot of $373. The buyer of the property is Storage Deluxe, represented by Steven Guttman and Daniel Alvarez. The seller is Steve Poliseno. The property is situated on a lot with dimensions of 125 feet by 200 feet. Notably, it is adjacent to the Museum of the Moving Image and Kaufman Studios.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $20,000,000
  • Market: Astoria
  • Address: 34-37 37th Street
  • Zoning: M1-5
  • Buyer: Storage Deluxe - Steven Guttman & Daniel Alvarez
  • Seller: Steve Poliseno
  • Square Footage: 53,500
  • Price per Square Foot: $373
  • Lot Dimensions: 125 ft x 200 ft

The deal was facilitated by Steven Guttman and Daniel Alvarez, representing Storage Deluxe. Their involvement highlights their expertise in the industrial property market in Astoria.

On the Map

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$20,000,000

$373/SF

Industrial

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Players

Steven Guttman

Storage Deluxe

Buyer

$96.6M

vol

4 deals

Buyer
SD
Storage DeluxeBuyer
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Astoria Industrial Market Snapshot

Boundary boundary ยท Industrial ยท Sale transactions

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Deal FAQ

About $373 per square foot on a published $20M for 53,500 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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