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Terreno Realty Acquires Industrial Property At 43-27 33rd Street For $7.6M With Broker Evan Daniel

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SOLD
$7,600,000

New York

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Industrial20,000 SF
Sold 04/24/2025
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Property Image
SOLD

Terreno Realty Acquires Industrial Property At 43-27 33rd Street For $7.6M With Broker Evan Daniel

43 27 33rd Street

See Similar Deals
Industrial20,000 SF
Sold 04/24/2025
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$380
Total Square Footage:20,000 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 43-27 33rd Street, Long Island City. The sale consists of an industrial type asset that encompasses 20,000 square feet and was transacted for a sale price of $7,600,000, resulting in a price per square foot of $380.

Summary of transaction details:

In this transaction, Evan Daniel from Modern Spaces represented the seller, John Dierks. The broker highlighted an upcoming opportunity to connect with clients and industry professionals at The Wynn, Las Vegas during ICSC from May 18-20, where they will be discussing Western Queens real estate and marketing over $200 million in commercial and investment property.

Players

Evan Daniel
Modern Spaces
Evan Daniel
65 deals$347.5M volume(516) 508-8189
BROKER
Terreno Realty Corporation
Terreno Realty Corporation
BUYER

Details

SOLD
IMAGE: Evan Daniel DATE: 4/24/2025 ADDRESS: 43-27 33rd Street MARKET: Long Island City ASSET TYPE: Industrial BUYER: Terreno Realty SELLER: John Dierks BROKER: Evan Daniel (@EvanDaniel31) - Modern Spaces (@ModernSpaces) SALE PRICE: $7,600,000 SF: 20,000 ~ PPSF: $380 NOTE FROM BROKER: Come meet me and my team at The Wynn, Las Vegas during ICSC from May 18-20 to learn more about Western Queens real estate. We are currently marketing over $200 million in commercial and investment property and look forward to helping you any way we can.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$405,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
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