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38-17 Crescent Street

Daniel Tack Of Pinnacle Realty Of New York Represents Buyer In $3.67M Industrial Sale In Long Island City
SOLDIndustrial

Daniel Tack Of Pinnacle Realty Of New York Represents Buyer In $3.67M Industrial Sale In Long Island City

38-17 Crescent Street

$3,665,000

$374/SF

Building Size

9,800 SF

Asset Type

Industrial

Closing

Jun 30, 2026

AI

This industrial property located at 38-17 Crescent Street in Long Island City has been sold for a transaction amount of $3,665,000. The property spans a total square footage of 9,800, translating to a price per square foot of $373.

Summary of transaction details:

Daniel Tack of Pinnacle Realty of New York LLC represented the buyer in this transaction, facilitating the sale of the two-story commercial asset.

Players

Daniel Tack

Pinnacle Realty of New York

Broker

$12.3M

vol

3 deals

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.33%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93