Updated Sep 9, 2024
Albert Maimone Acquires Industrial Property In Long Island City From Lore Gray For $1.2M
36-09 34th Street, Queens, New York 11101, United States
$1,200,000
$600,000/SF
Building Size
2 SF
Asset Type
Industrial
Closing
Jan 13, 2023
About this deal
AI
Located at 36-09 34th Street in Long Island City, this industrial property was recently sold. The transaction took place on 01/13/2023, with a sale price of $1,200,000. The property spans a total of 2,500 square feet, resulting in a price per square foot of $480. The buyer of the property was Albert Maimone, while Lore Gray served as the seller.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,200,000
- Address: 36-09 34th Street
- Market: Long Island City
The deal was facilitated by the following brokers: Dylan Walsh, Bobby Carrozzo, and William Diana from Cushman & Wakefield, along with Luca DiCiero and Devin Navarro from NY Space Finders.
Please note that no additional information was provided regarding the property or the individuals involved in the transaction.
Players
Long Island City 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93