Updated Oct 29, 2024
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
About this deal
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.
On the Map
$1,675,000
$335/SF
Industrial
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Players
Queens 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