facebook
Traded Co logo
Submit

Mark Koplowitz Acquires Glendale Industrial Property From Ed Erhardt & Billie Barbash For $5.85M

Property Image
SOLD
$5,850,000
Brian Sarath
MK

New York

See Similar Deals
Industrial21,700 SF
Sold 06/29/2023
the dealplayerscompscontact
Property Image
SOLD

Mark Koplowitz Acquires Glendale Industrial Property From Ed Erhardt & Billie Barbash For $5.85M

70-09 73rd Pl Queens, NY 11385, USA

See Similar Deals
Industrial21,700 SF
Sold 06/29/2023
Brian Sarath
MK
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$269
Total Square Footage:21,700 SF
Transaction Type:Sale

Located at 70-09 73rd Place in Glendale, Queens, this industrial property was recently sold for $5,850,000. The property consists of a 21,700 sq. ft. warehouse and office building with 2 loading docks, 2 drive-in doors, and a freight elevator. The ceiling heights range from 10 to 16 feet throughout the building. Additionally, the property boasts 17,000 sq. ft. of additional parking and outdoor storage space.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $5,850,000
  • Square Footage: 21,700

Mark Koplowitz purchased the property from Ed Erhardt and Billie Barbash. The transaction was facilitated by Brian Sarath from Cushman & Wakefield. For more information about this sale or to inquire about the value of your property, please contact Brian Sarath at 718-215-1500 or [email protected].

Players

Brian Sarath
Cushman & Wakefield
Brian Sarath
10 deals$125.2M volume(516) 319-6315
BROKER
MK
Mark Koplowitz
7 deals$24M volume
BUYER

Details

SOLD
IMAGE: Brian Sarath DATE: 06/29/2023 ADDRESS: 70-09 73rd Place MARKET: Glendale, Queens ASSET TYPE: Industrial BUYER: Mark Koplowitz SELLER: Ed Erhardt & Billie Barbash BROKER: Brian Sarath (@SarathSellsQueens) - Cushman & Wakefield (@CushWake) SALE PRICE: $5,850,000 SF: 21,700 ~ PPSF: $270 NOTE FROM BROKER: 70-09 73rd Place, Glendale NY 11385 • $5,850,000 - 21,700 sq. Ft. Warehouse & Office Building - 2 Loading Docks - 2 Drive-in Doors - Freight Elevator from the lower level to the 2nd floor. - 10’ - 16’ Ceiling Heights Throughout - 17,000 sq. Ft. of additional Parking & Outdoor Storage space. For more information about this sale, or to find out what your property is worth, please contact Brian Sarath: 718-215-1500 [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

Contact

Get in touch with the broker you want

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)

$312,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,783.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,731.98
Annual Debt Service$332,783.81