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27-07 Brooklyn-Queens Expre...

U-Haul Purchases Industrial Property At 27-07 Brooklyn-Queens Expressway West For $6.525M
SOLDIndustrial

U-Haul Purchases Industrial Property At 27-07 Brooklyn-Queens Expressway West For $6.525M

27-07 Brooklyn-Queens Expressway West

$6,525,000

$362/SF

Building Size

18,000 SF

Asset Type

Industrial

Closing

Sep 16, 2024

AI

The transaction involved an industrial property located at 27-07 Brooklyn-Queens Expressway West in the Woodside, Astoria market. The asset was sold for $6,525,000 and has a total square footage of 18,000, resulting in a price per square foot of $362.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,525,000
  • Address: 27-07 Brooklyn-Queens Expressway West
  • Market: Woodside, Astoria
  • Square Footage: 18,000
  • Price per Square Foot: $362
  • Buyer: U-Haul
  • Brokerage Firm: Pinnacle Realty of New York

Pinnacle Realty represented both the seller and the buyer in this deal, with brokers Brendan Burke, James Tack, Paul Bralower, and George Margaronis involved in facilitating the transaction.

Players

Brendan Burke

Broker

$68M

vol

14 deals

Broker

Woodside 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

2.43%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93