Updated Jan 19, 2026
James Tack Of Pinnacle Realty Of New York Represents Buyer In Long Island City Industrial Sale For $9.72M
21 24 44th Avenue
$9,720,000
$360/SF
Building Size
27,000 SF
Asset Type
Industrial
Closing
Dec 22, 2025
About this deal
AI
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.
On the Map
$9,720,000
$360/SF
Industrial
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Players
Long Island City 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
1.63%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93