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71-34 73rd Street

Laurel Hill Realty Corp Acquires Industrial Property In New York City For $1.675M
SOLDIndustrial

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

Israel Fisher

Seller

$2.8M

vol

2 deals

Seller

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