John Koutsos Of B6 Real Estate Advisors Represents Seller In $12M Industrial Sale In Long Island City
SOLD
$12,000,000
New York
See Similar DealsIndustrial20,000 SF
Sold 05/21/2025
SOLD
John Koutsos Of B6 Real Estate Advisors Represents Seller In $12M Industrial Sale In Long Island City
47 09 36 Street
See Similar DealsIndustrial20,000 SF
Sold 05/21/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$600
Total Square Footage:20,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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