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MediSys Health Network Acquires Industrial Building From Belle Maison USA For $9.7M In Richmond Hill
SOLD
$9,700,000
New York
See Similar DealsIndustrial23,500 SF
Sold 06/02/2026
SOLD
MediSys Health Network Acquires Industrial Building From Belle Maison USA For $9.7M In Richmond Hill
89-50 127th Street
See Similar DealsIndustrial23,500 SF
Sold 06/02/2026
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$412
Total Square Footage:23,500 SF
Transaction Type:Sale
An industrial building located at 89-50 127th Street in Richmond Hill, Queens, was sold in an owner-occupied deal. The property spans 23,500 square feet and has a built size of 25,520 square feet. The transaction was recorded on June 10, 2026, with a sale price of $9.7 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9.7 million
- Address: 89-50 127th Street
- Market: Richmond Hill
- Square Footage: 23,500
- Building Size: 25,520
- Buyer: Bruce J. Flanz - MediSys Health Network
- Seller: Belle Maison USA
- Date of Sale: June 2, 2026
Bruce J. Flanz was acting on behalf of MediSys Health Network, known for operating Jamaica Hospital, in the acquisition of the property from Belle Maison USA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$517,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,462.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,982.95
Annual Debt Service$551,795.38
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