Updated Oct 28, 2024
Safe N Lock Storage Acquires Industrial Property In Elmhurst For $14.9M
52-35 74th Street, Elmhurst, NY, USA
$14,900,000
$523/SF
Building Size
28,472 SF
Asset Type
Industrial
Closing
Mar 9, 2021
About this deal
AI
The industrial property located at 52-35 74th Street in Elmhurst has been sold in a recent transaction. The property, which falls under zoning M1-1, was acquired by Safe N Lock Storage from the seller, Traditional Casket Corp. The sale price for the property was $14,900,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,900,000
- Market: Elmhurst
- ASSET TYPE: Industrial
- ZONING: M1-1
The property has a building square footage of 28,472 and a price per square foot (PPSF) of $523. The building floor area ratio (FAR) is 0.96. The lot size is 29,658 square feet, with dimensions of 223 feet by 232 feet.
Furthermore, the property is classified under tax class 4. An alteration permit of type 3 was issued on June 16, 2020.
Note: No additional information about the transaction is available.
On the Map
$14,900,000
$523/SF
Industrial
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Woodside Industrial Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93