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79-59 Cooper Avenue

Ivan Diez Purchases Industrial Property From Paul Blums For $1,300,000 In Queens
SOLDIndustrial

Ivan Diez Purchases Industrial Property From Paul Blums For $1,300,000 In Queens

79-59 Cooper Avenue

$1,300,000

$1,024/SF

Building Size

1,269 SF

Asset Type

Industrial

Closing

Jul 20, 2026

AI

The industrial asset located at 79-59 Cooper Avenue in Queens was sold for $1,300,000. The property encompasses a total square footage of 1,269, resulting in a price per square foot of $999.

Summary of transaction details:

Jack Sardar from Tri State Commercial Realty was involved in facilitating this transaction, representing the interests of the seller, Paul Blums. The broker's note indicates a focus on targeting end-user buyers for their clients, alongside an invitation for property owners seeking to sell vacant properties to make contact.

Players

Jack Sardar

Tri State Commercial Realty

Broker

$62M

vol

28 deals

Broker

Glendale 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93