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88 05 76th Avenue

Jerry Atkins Of Gold Hat Realty Acquires Industrial Property In Glendale Queens For $3.4M
SOLDIndustrial

Jerry Atkins Of Gold Hat Realty Acquires Industrial Property In Glendale Queens For $3.4M

88 05 76th Avenue

$3,400,000

$302/SF

Building Size

11,250 SF

Asset Type

Industrial

Closing

Aug 11, 2025

AI

An industrial building located at 88-05 76th Avenue in Glendale, Queens, has been sold for $3,400,000. The property spans 11,250 square feet, resulting in a price per square foot of $302. The building has a bulk square footage of 18,600, equating to a price per bulk square foot of $183.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,400,000
  • Address: 88-05 76th Avenue
  • Market: Glendale, Queens
  • Buyer: Jerry Atkins - Gold Hat Realty
  • Seller: Solomon Landau
  • BSF: 18,600
  • PPBSF: $183
  • SF: 11,250
  • PPSF: $302

The transaction for the industrial building was facilitated by Jerry Atkins, representing Gold Hat Realty. Solomon Landau was the seller in this deal, marking a notable transaction within the Glendale area.

Players

Jerry Atkins

Gold Hat Realty

Buyer

$28.6M

vol

8 deals

Buyer
Gold Hat Realty
Gold Hat RealtyBuyer

Ridgewood 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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93