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
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