facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

21 24 44th Avenue

James Tack Of Pinnacle Realty Of New York Represents Buyer In Long Island City Industrial Sale For $9.72M
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

Evan Daniel

Modern Spaces

Broker

$347.5M

vol

65 deals

Broker
Pinnacle Realty of New York
Pinnacle Realty of New YorkBrokerage
Modern Spaces
Modern SpacesBrokerage

Long Island City Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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