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Henbert Interiors Acquires Industrial Property From Vemars Products In Richmond Hill For $1.62M

Property Image
SOLD
$1,620,000
Andrew Marcus
Bobby Lawrence
Eli Roerden

New York

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Industrial4,000 SF
Sold 11/13/2025
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Property Image
SOLD

Henbert Interiors Acquires Industrial Property From Vemars Products In Richmond Hill For $1.62M

87 68 130th Street

See Similar Deals
Industrial4,000 SF
Sold 11/13/2025
Andrew Marcus
Bobby Lawrence
Eli Roerden
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$405
Total Square Footage:4,000 SF
Transaction Type:Sale

The property involved in this transaction is an industrial asset located at 87-68 130th Street in Richmond Hill. The sale price for the property was $1,620,000, with a total square footage of 4,000, resulting in a price per square foot of $405.

Summary of transaction details:

Andrew Marcus sourced bridge debt to resolve complications with the buyer's SBA financing, enabling a successful closing within two weeks of engaging the lender. Notably, this transaction established a new price-per-square-foot record for warehouse property in Richmond Hill.

Players

Bobby Lawrence
Matthews
Bobby Lawrence
25 deals$80.7M volume(646) 933-2648
BROKER
Andrew Marcus
Matthews
Andrew Marcus
4 deals$23.8M volume
BROKER
Eli Roerden
Matthews
Eli Roerden
3 deals$5.2M volume(646) 809-7069
BROKER
Matthews
Matthews
BROKERAGE

Details

SOLD
IMAGE: Eli Roerden, Bobby Lawrence & Andrew Marcus DATE: 11/13/2025 ADDRESS: 87-68 130th Street MARKET: Richmond Hill ASSET TYPE: Industrial BUYER: Henbert Interiors SELLER: Vemars Products BROKERS: Eli Roerden (@EliRoerdencre), Bobby Lawrence (@BobbyLawrence_Matthews) & Andrew Marcus - Matthews (@Matthews_CRE) SALE PRICE: $1,620,000 SF: 4,000 ~ PPSF: $405 NOTE FROM BROKER: This transaction set a new price-per-square-foot record for warehouse property in Richmond Hill. When the buyer’s SBA financing hit complications, Andrew Marcus at Matthews sourced bridge debt and was able to close within two weeks of engaging the lender. For the full case study or to discuss similar opportunities, contact: (646) 809-7069.

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

$86,400.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,755.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,679.63
Annual Debt Service$92,155.52