Updated Aug 4, 2026
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $1,300,000
- Square Footage: 1,269
- Price Per Square Foot: $999
- Buyer: Ivan Diez
- Seller: Paul Blums
- Broker: Jack Sardar - Tri State Commercial Realty
- Date of Sale: 07/20/2026
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.
On the Map
$1,300,000
$1,024/SF
Industrial
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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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93