Updated Dec 19, 2023
Alexander Kostovasky Acquires Industrial Property In Hunters Point, Queens For $6.72M
5-17 47th Road, Hunters Point, Queens County, NY, USA
$6,720,000
$537/SF
Building Size
12,500 SF
Asset Type
Industrial
Closing
Dec 17, 2020
About this deal
AI
A warehouse property located at 5-17 47 Road in Hunters Point, Queens, was recently sold in a closed transaction. The industrial asset is zoned as M1-4/R6B and is situated in the LIC area.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $6,720,000
- Address: 5-17 47 Road, Hunters Point, Queens
- Market: LIC
- Lot Size: 75 ft x 100 ft
The buyer of the property was Alexander Kostovasky, while the seller was identified as Ronald Sloop. The transaction was completed on 12/18/2020.
The warehouse has a building square footage (BSF) of 20,000, resulting in a price per BSF (PPBSF) of $336. Additionally, the property has a total square footage (SF) of 12,500, with a price per square foot (PPSF) of $538.
On the Map
$6,720,000
$537/SF
Industrial
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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
2.36%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93