HW LIC One LLC Acquires Industrial Property In Flushing, Queens For $15M
SOLD
New York
See Similar DealsIndustrial209,600 SF
Sold 02/26/2018
SOLD
HW LIC One LLC Acquires Industrial Property In Flushing, Queens For $15M
51-02 Roosevelt Ave, Flushing, NY 11377, USA
See Similar DealsIndustrial209,600 SF
Sold 02/26/2018
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:209,600 SF
Transaction Type:Sale
The industrial property located at 51-02 Roosevelt Avenue in Flushing, Queens, New York has been sold for $15,000,000. The property spans a total of 20,960 square feet. The building is measured at 53,000 square feet in size and the price per square foot is $283.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,000,000
- Size: 20,960 square feet
- Building Size: 53,000 square feet
- Price per square foot: $283
The seller of the property is June & Youn Realty Corporation. The buyer, HW LIC One LLC, is represented by Fanggang Wang.
It is worth noting that the property's community facility allowance allows for the construction of an additional 104,000 square feet.
Details
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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