SOLDIndustrial
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
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.
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