Albert Maimone Acquires Industrial Property In Long Island City From Lore Gray For $1.2M
SOLD
$1,200,000
+ 3
New York
See Similar DealsIndustrial2 SF
Sold 01/13/2023
SOLD
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
See Similar DealsIndustrial2 SF
Sold 01/13/2023
+ 3
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$600,000
Total Square Footage:2 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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