Tonco Partners Acquires Industrial Property In Little River For $1.7M
SOLD
New York
See Similar DealsIndustrial5,577 SF
Sold 10/10/2022
SOLD
Tonco Partners Acquires Industrial Property In Little River For $1.7M
7626 NW 7 Ave
See Similar DealsIndustrial5,577 SF
Sold 10/10/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$304
Total Square Footage:5,577 SF
Transaction Type:Sale
The industrial property located at 7626 NW 7 Ave in Little River has been sold for $1,700,000. The property spans a total area of 5,577 square feet, resulting in a price per square foot of $305.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,700,000
- Address: 7626 NW 7 Ave
- Market: Little River
Tonco Partners, represented by Max Tonconogy, purchased the property from WAAM Investment Corp, represented by Winston Persaud. Mateo Romero from Gridline Properties acted as the buyer's representative for Tonco Partners, while Pablo Rodriguez, also from Gridline Properties, represented WAAM Investment Corp as the seller's representative.
Note: No additional information is available about the property or the individuals involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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