Updated Dec 21, 2023
Johnny Butelic Acquires Industrial Property In Woodside, Queens From Henry Quintin
37-28 56th Street, Woodside, Queens County, NY, USA
$3,550,000
$355/SF
Building Size
10,000 SF
Asset Type
Industrial
Closing
Jun 1, 2021
About this deal
AI
A industrial property located at 37-28 56 Street in Woodside, Queens, was recently sold. The property, which is zoned M1-1, has a building size of 10,000 square feet and a lot size of 10,000 square feet. The sale took place on June 2, 2021, with a transaction amount of $3,550,000. The price per square foot was $355.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,550,000
- Market: Woodside, Queens
- Address: 37-28 56 Street
- Zoning: M1-1
- Square Footage: 10,000
- Price per Square Foot: $355
In this transaction, Johnny Butelic acted as the buyer, and Henry Quintin served as the seller. The property had a floor area ratio (FAR) of 1.00 and a tax class of 4. Permits for alteration type 2 were issued on October 12, 2017. The lot dimensions are 100 ft x 100 ft.
Players
New York 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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93