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
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