John Mini Distinctive Landscapes Acquires Industrial Property At 38-17 Crescent Street For $3,665,000
38-17 Crescent Street
$3,665,000
$374/SF
Building Size
9,800 SF
Asset Type
Industrial
Closing
Jul 1, 2026
AI
The property asset involved in this transaction is an industrial property located at 38-17 Crescent Street in the Long Island City market. The sale closed for a total of $3,665,000, encompassing 9,800 square feet, which translates to a price per square foot of $373.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,665,000
- Address: 38-17 Crescent Street
- Market: Long Island City
- Square Footage: 9,800
- Price per Square Foot: $373
- Buyer: John Mini Distinctive Landscapes
- Seller's Representatives: Ruben Kast De Martinez, Michael Maunsell - SymmetryCRG & Rein Mäekask - DY Realty Group
- Buyer's Representative: Danny Tack - Pinnacle Realty
The deal involved key individuals including the buyer John Mini Distinctive Landscapes. Seller representation was provided by Ruben Kast De Martinez and Michael Maunsell from SymmetryCRG along with Rein Mäekask from DY Realty Group. Danny Tack represented the buyer from Pinnacle Realty, highlighting the collaboration among different agencies during this 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
4.33%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93