Updated Sep 9, 2024
Albert Maimone Acquires Industrial Property In Long Island City From Lore Gray
36-09 34th Street
$1,200,000
$480/SF
Building Size
2,500 SF
Asset Type
Industrial
Closing
Jan 13, 2023
About this deal
AI
An industrial property located at 36-09 34th Street in Long Island City has been sold in a recent transaction. The property spans 2,500 square feet and was sold for a total price of $1,200,000, resulting in a price per square foot of $480. This transaction took place on January 13, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,200,000
- Address: 36-09 34th Street, Long Island City
- Market: Long Island City
- Buyer: Albert Maimone
- Seller: Lore Gray
- Brokers: Dylan Walsh, Bobby Carrozzo, William Diana - Cushman & Wakefield; Luca DiCiero & Devin Navarro - NY Space Finders
The buyer in this transaction is Albert Maimone, while the seller is Lore Gray. The deal was facilitated by a team of brokers representing both parties. Dylan Walsh, Bobby Carrozzo, and William Diana from Cushman & Wakefield, as well as Luca DiCiero and Devin Navarro from NY Space Finders, worked on behalf of the buyer and seller to close the deal.
Players
Astoria 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