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
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