Updated Dec 20, 2023
Payal Kedia Bor Acquires Industrial Property In Long Island City For $5.9M
42-44 13th St, Long Island City, NY 11101, USA
$5,900,000
$694/SF
Building Size
8,500 SF
Asset Type
Industrial
Closing
Mar 30, 2020
About this deal
AI
The industrial property located at 42-44 13th Street in Long Island City has recently been sold for $5,900,000. The property spans across 8,500 square feet, resulting in a price per square foot of $694. The total building square footage is 16,530, with a price per building square foot of $356.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,900,000
- Square Footage: 8,500 SF
- Price per Square Foot: $694
- Building Square Footage: 16,530 BSF
- Price per Building Square Foot: $356
The buyer of the property is Payal Kedia Bor, while the sellers are Steven & Rod Newman.
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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93