Updated Oct 29, 2024
IBI Armored Services Acquires Woodside Industrial Building From Barbara J. Scott
58-17 28th Avenue Queens, New York 11377, USA
$6,000,000
$412/SF
Building Size
14,550 SF
Asset Type
Industrial
Closing
Jun 2, 2023
About this deal
AI
IBI Armored Services, has acquired an industrial building located at 58-17 28th Avenue in Woodside, Queens. The property was sold by Barbara J. Scott's A. & Y. Realty Corp for a price of $6 million. The building spans across a total square footage of 14,550, resulting in a price per square foot of $412.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Address: 58-17 28th Avenue, Woodside, Queens
- Market: Woodside, Queens
- Buyer: IBI Armored Services - Michael Shields
- Seller: Barbara J. Scott
- Square Footage: 14,550
- Price per Square Foot: $412
The buyer, IBI Armored Services, was represented by Michael Shields from an undisclosed agency.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93