Hunters Point Holdings SG Acquires Factory In Long Island City For $12M
45 Ct Square W, Long Island City, NY 11101, USA
Building Size
33,300 SF
Asset Type
Other
Closing
Apr 24, 2018
About this deal
AI
The Factory located at 27-10 Hunters Point Avenue in New York, LongIslandCity has been sold for $12,000,000. Spanning across 33,300 square feet, the property was acquired by Hunters Point Holdings SG – David Friedman from the seller, Black Bear Company.
Summary of transaction details
- Property Type: Factory
- Transaction Amount: $12,000,000
- Address: 27-10 Hunters Point Avenue, New York
- Market: LongIslandCity
- SF: 33,300
- PPSF: $360
Hunters Point Holdings SG – David Friedman successfully completed the acquisition of the Factory located at 27-10 Hunters Point Avenue in New York. Black Bear Company represented the seller in this transaction.
Players
Long Island City Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93