Updated Oct 13, 2026
Lai Ting Yam- YYY Realty Co Acquires Warehouse In Ridgewood Submarket, Queens For $9.5M
65-75 Traffic Avenue, Ridgewood, Queens County, NY, USA
$9,500,000
$182/SF
Building Size
52,000 SF
Asset Type
Industrial
Closing
May 22, 2018
About this deal
AI
The warehouse located at 65-75 Traffic Avenue in New York has been sold. The property, situated in the Ridgewood Submarket of Queens, offers a total area of 52,000 square feet. The sale took place on May 23, 2018, with a purchase price of $9,500,000, resulting in a price per square foot of $182. The buyer, Lai Ting Yam- YYY Realty Co, acquired the warehouse from Charles Samberg.
Summary of transation details
- Property Type: Warehouse
- Transaction Amount: $9,500,000
- Address: 65-75 Traffic Avenue, New York
- Market: Ridgewood Submarket, Queens
- Buyer: Lai Ting Yam- YYY Realty Co
Alan Shmaruk and Michael Sherman from The Manhattes Group LLC represented the seller, Charles Samberg, in the deal. The building also features direct freight rail access at the rear of the property.
On the Map
$9,500,000
$182/SF
Industrial
View full map
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Sherman to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93