U-Haul Purchases Industrial Property At 27-07 Brooklyn-Queens Expressway West For $6.525M
SOLD
$6,525,000
+ 1
New York
See Similar DealsIndustrial18,000 SF
Sold 09/16/2024
SOLD
U-Haul Purchases Industrial Property At 27-07 Brooklyn-Queens Expressway West For $6.525M
27-07 Brooklyn-Queens Expressway West
See Similar DealsIndustrial18,000 SF
Sold 09/16/2024
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$362
Total Square Footage:18,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$348,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,181.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,931.83
Annual Debt Service$371,181.95
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