James Tack Of Pinnacle Realty Of New York Represents Buyer In Long Island City Industrial Sale For $9.72M
SOLD
$9,720,000
New York
See Similar DealsIndustrial27,000 SF
Sold 12/23/2025
SOLD
James Tack Of Pinnacle Realty Of New York Represents Buyer In Long Island City Industrial Sale For $9.72M
21 24 44th Avenue
See Similar DealsIndustrial27,000 SF
Sold 12/23/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$360
Total Square Footage:27,000 SF
Transaction Type:Sale
A 27,000 square foot industrial property located at 21-24 44th Avenue in Long Island City has been sold for $9,720,000, translating to a price per square foot of $360.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,720,000
- Address: 21-24 44th Avenue
- Market: Long Island City
- Square Footage: 27,000
- Price per Square Foot: $360
- Buyer's Representative: James Tack - Pinnacle Realty of New York
- Seller's Representative: Evan Daniel - Modern Spaces
The transaction involved James Tack representing the buyer and Evan Daniel representing the seller, facilitating the closure of this industrial property transaction.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$518,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,533.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,077.76
Annual Debt Service$552,933.11
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