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62-10 34th Avenue

Updated Dec 21, 2023

Allen Weingarten Acquires Industrial Property On 34th Avenue For $4M
SOLDIndustrial

Allen Weingarten Acquires Industrial Property On 34th Avenue For $4M

62-10 34th Avenue

$4,000,000

$542/SF

Building Size

7,380 SF

Asset Type

Industrial

Closing

Apr 25, 2023

About this deal

AI

The industrial property located at 62-10 34th Avenue in New York City has been sold for $4,000,000. The property spans 7,380 square feet, resulting in a price per square foot of $542. The transaction took place on April 25, 2023.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,000,000
  • Address: 62-10 34th Avenue, New York City
  • Market: New York City
  • Square Footage: 7,380
  • Price per Square Foot: $542

The buyer of the property is Allen Weingarten, while Chandra Goyal is the seller. Mathew Diana from DY Realty Group represented the seller in this transaction. DY Realty Group is a specialist in the outer-borough industrial real estate market and has been in the business for over 40 years. For inquiries about selling, leasing, or joining the DY Realty team, you can contact Mathew Diana at 718-729-7474 x134 or [email protected].

Players

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $542 per square foot on a published $4M for 7,380 square feet (2023).

Browse New York industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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