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70-21 84th Street

Clemente Alcamo Sells Industrial Property At 7017-7021 84th St Ridgewood Glendale For $3.4M
SOLDIndustrial

Clemente Alcamo Sells Industrial Property At 7017-7021 84th St Ridgewood Glendale For $3.4M

70-21 84th Street & 7017 84th Street

$3,400,000

$121/SF

Building Size

28,000 SF

Asset Type

Industrial

Closing

Sep 6, 2024

AI

The asset involved in the transaction is an industrial property located at 7017-7021 84th St in Ridgewood, Glendale. The sale price of the property was $3,400,000, and it encompasses a total area of 14,000 square feet, leading to a price per square foot of $242.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,400,000
  • Square Footage: 14,000
  • Price per Square Foot: $242
  • Seller: Clemente Alcamo
  • Broker: Michael Makris - DY Realty Group
  • Date of Transaction: 09/06/2024
  • Market: Ridgewood, Glendale

Michael Makris of DY Realty Group represented both the seller, Clemente Alcamo, and the buyer in this transaction. He is available for inquiries regarding commercial properties for lease or sale, as well as requirements for business owners and investors in the NY market.

Players

Michael Makris

DY Realty Group

Broker

$12.6M

vol

3 deals

Broker

Glendale 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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93