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Greg Sun Acquires Industrial Property From Aegina Angeliades In Long Island City For $4.75M

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SOLD
$4,750,000
Mark Caso
James Ege

New York

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Industrial7,250 SF
Sold 10/01/2024
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SOLD

Greg Sun Acquires Industrial Property From Aegina Angeliades In Long Island City For $4.75M

5-47 47th Road

See Similar Deals
Industrial7,250 SF
Sold 10/01/2024
Mark Caso
James Ege
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$655
Total Square Footage:7,250 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 5-47 47th Road in Long Island City. This industrial asset has a total square footage of 7,250, with a sale price of $4,750,000, translating to approximately $655 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $4,750,000
  • Square Footage: 7,250
  • Price Per Square Foot: $655
  • Buyer: Greg Sun
  • Seller: Aegina Angeliades
  • Broker Representatives: James Ege & Mark Caso - Pinnacle Realty of New York
  • Market: Long Island City

This transaction involved key individuals including buyer Greg Sun, who acquired the property from seller Aegina Angeliades. The deal was facilitated by brokers James Ege and Mark Caso from Pinnacle Realty of New York, representing the seller and buyer in the transaction.

Players

Mark Caso
Pinnacle Realty of New York
Mark Caso
4 deals$4.8M volume(718) 371-6419
BROKER
James Ege
Pinnacle Realty of New York
James Ege
5 deals$26.9M volume(718) 371-6423
BROKER

Details

SOLD
IMAGE: James Ege & Mark Caso DATE: 10/01/2024 ADDRESS: 5-47 47th Road MARKET: Long Island City ASSET TYPE: Industrial BUYER: Greg Sun SELLER: Aegina Angeliades BROKERS: James Ege & Mark Caso - Pinnacle Realty of New York (@PinnacleRENY) SALE PRICE: $4,750,000 SF: 7,250 ~ PPSF: $655

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$253,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08