facebook
Traded Co logo
Submit

Two Tone Contracting Acquires College Point Office Building For $3M

Property Image
SOLD
$3,000,000
Frank Ko

New York

See Similar Deals
Office7,642 SF
Sold 06/24/2022
the dealplayerscompscontact
Property Image
SOLD

Two Tone Contracting Acquires College Point Office Building For $3M

120-10 15th Avenue, Queens, New York 11356, United States

See Similar Deals
Office7,642 SF
Sold 06/24/2022
Frank Ko
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$392
Total Square Footage:7,642 SF
Transaction Type:Sale

Two Tone Contracting has acquired an office property located at 120-10 15th Ave. in College Point. The transaction was facilitated by Adriana Contavalle from TEK Realty Advisors LLC, representing the buyer, and Frank Ko from FKO Properties, representing the seller, Candice Colucci. The sale took place on June 24, 2022, with a sale price of $3,000,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $3,000,000
  • Address: 120-10 15th Ave.
  • Market: College Point
  • Buyer: Two Tone Contracting
  • Seller: Candice Colucci
  • Buyer's Representative: Adriana Contavalle - TEK Realty Advisors LLC
  • Seller's Representative: Frank Ko - FKO Properties
  • Square Footage: 7,642
  • Price per Square Foot: $393

Adriana Contavalle from TEK Realty Advisors LLC and Frank Ko from FKO Properties played crucial roles in facilitating this transaction. Their expertise and negotiation skills contributed to the successful sale of the office property in College Point.

Players

14 deals$19.6M volume(718) 886-8110
BROKER


Details

SOLD
IMAGE: Adriana Contavalle & Frank Ko DATE: 06/24/2022 ADDRESS: 120-10 15th Ave. MARKET: College Point ASSET TYPE: Office BUYER: Two Tone Contracting SELLER: Candice Colucci BUYER'S REP: Adriana Contavalle (@Adri_CXX) - TEK Realty Advisors LLC (@TEKRA_NY) SELLER'S REP: Frank Ko (@FrankKo55) - FKO Properties SALE PRICE: $3,000,000 SF: 7,642 ~ PPSF: $393

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37