Terreno Realty Acquires Industrial Asset From Werwaiss Properties In Long Island City For $7.6M
SOLD
$7,600,000
New York
See Similar DealsIndustrial16,800 SF
Sold 12/05/2024
SOLD
Terreno Realty Acquires Industrial Asset From Werwaiss Properties In Long Island City For $7.6M
48-29 31st Place
See Similar DealsIndustrial16,800 SF
Sold 12/05/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$452
Total Square Footage:16,800 SF
Transaction Type:Sale
The property asset involved in the transaction is an industrial space located at 48-29 31st Place in Long Island City. The sale price was $7,600,000, with a total square footage of 16,800, resulting in a price per square foot of $452.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,600,000
- Buyer: Terreno Realty
- Seller: Werwaiss Properties
- Broker: Evan Daniel - Modern Spaces
- Date of Transaction: 12/05/2024
Evan Daniel, representing Modern Spaces, exclusively handles sales for sellers in Western Queens, providing expertise in the Long Island City, Astoria, and Sunnyside real estate markets.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
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
Annual Debt Service$432,334.53
Is there something missing? Send suggestions