Alexandria Real Estate Equities Acquires Property From Prestone Realty For $25M In Long Island City
4750 30th St, New York, NY, 11101
$25,000,000
$476/SF
Building Size
52,500 SF
Asset Type
Warehouse
Closing
Jul 11, 2019
About this deal
AI
The property asset involved is located at 4750 30th St, New York, NY, 11101, in the Long Island City market. It encompasses a total area of 52,500 square feet and was sold for $25,000,000.00.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $25,000,000.00
- Address: 4750 30th St, New York, NY, 11101
- Market: Long Island City
- Square Footage: 52,500
- Buyer: Alexandria Real Estate Equities
- Seller: Prestone Realty
- Buyer's Representatives: Joshua (Josh) King from Newmark and Andreas Efthymiou from Ripco
The transaction features key individuals including the buyer, Alexandria Real Estate Equities, and the seller, Prestone Realty, which highlights collaboration among various representatives in the deal. The buyer is represented by Joshua (Josh) King from Newmark and Andreas Efthymiou from Ripco, offering a notable brokerage partnership in this transaction.
On the Map
$25,000,000
$476/SF
Warehouse
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Players
Long Island City Warehouse Market Snapshot
Boundary boundary · Warehouse · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93