facebook
Traded Co logo
Submit

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

Property Image
SOLD
$4,000,000

New York

See Similar Deals
Industrial7,380 SF
Sold 04/25/2023
the dealdetailscomps
Property Image
SOLD

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

62-10 34th Avenue

See Similar Deals
Industrial7,380 SF
Sold 04/25/2023
the dealdetailscomps

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$542
Total Square Footage:7,380 SF
Transaction Type:Sale

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].

Details

SOLD
IMAGE: Mathew Diana DATE: 04/25/2023 ADDRESS: 62-10 34th Avenue MARKET: New York City ASSET TYPE: Industrial BUYER: Allen Weingarten SELLER: Chandra Goyal BROKER: Mathew Diana - DY Realty Group SALE PRICE: $4,000,000 SF: 7,380 ~ PPSF: $542 NOTE FROM BROKER: Mathew Diana of DY Realty Group represented the seller in this transaction. DY Realty Group has been a specialist in the outer-borough industrial real estate market for over 40 years. If you have a property you are interested in selling or leasing or want to join the DY Realty team, contact Mat at 718-729-7474 x134 or [email protected]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49