Laurel Hill Realty Corp Acquires Industrial Property In New York City For $1.675M
71-34 73rd Street
$1,675,000
$335/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Dec 6, 2022
AI
An industrial property located at 71-34 73rd Street in New York City has been sold for $1,675,000. The property spans 5,000 square feet, resulting in a price per square foot of $335. The transaction took place between the buyer, Laurel Hill Realty Corp represented by Joan Dorazio, and the seller, 73rd Realty represented by Israel Fisher.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,675,000
- Square Feet: 5,000
- Price per Square Foot: $335
- Address: 71-34 73rd Street, New York City
- Market: New York City
Joan Dorazio of Laurel Hill Realty Corp acted as the representative for the buyer, while Israel Fisher represented 73rd Realty as the seller's representative.
Players
New York 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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93