Updated Jun 9, 2025
John Koutsos Of B6 Real Estate Advisors Represents Seller In $12M Industrial Sale In Long Island City
47 09 36 Street
$12,000,000
$600/SF
Building Size
20,000 SF
Asset Type
Industrial
Closing
May 20, 2025
About this deal
AI
The property located at 47-09 36 Street in Long Island City is an industrial asset encompassing 20,000 square feet, with a sale price of $12,000,000, translating to a price per square foot of $600.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,000,000
- Square Footage: 20,000
- Price Per Square Foot: $600
- Address: 47-09 36 Street
- Market: Long Island City
- Seller's Representative: John Koutsos - B6 Real Estate Advisors
John Koutsos represents the seller in this transaction, facilitating the deal in his capacity as a broker from B6 Real Estate Advisors, ensuring the interests of the seller are maintained throughout the process.
Long Island City 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93