Laurel Hill Realty Corp Acquires Industrial Property In New York City For $1.675M
SOLD
$1,675,000
New York
See Similar DealsIndustrial5,000 SF
Sold 12/06/2022
SOLD
Laurel Hill Realty Corp Acquires Industrial Property In New York City For $1.675M
71-34 73rd Street
See Similar DealsIndustrial5,000 SF
Sold 12/06/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$335
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,950.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,940.35
Annual Debt Service$95,284.25
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