Updated Jan 30, 2026
Steve Anitos Acquires Warehouse In Queens From Honu Corporation For $3.2M
5025 38th St NE, Tacoma, WA 98422, USA
Building Size
75,000 SF
Asset Type
Other
Closing
Feb 26, 2018
About this deal
AI
The asset involved in the transaction is a warehouse located at 5025 38th Street, New York, within the Queens market. It sold for a price of $3,200,000, encompassing a total square footage of 7,500 sf, which translates to a price per square foot of $427.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $3,200,000
- Seller: Honu Corporation
- Buyer: Steve Anitos
- Broker: Scott Tierney and Faisal Gilani of Marcus & Millichap
The transaction features Scott Tierney and Faisal Gilani representing the broker side, facilitating the exchange between the seller, Honu Corporation, and the buyer, Steve Anitos, in this commercial real estate deal.
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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