Updated Dec 21, 2023
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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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