Faropoint Acquires Industrial Property In Brentwood, Long Island For $4.95M From Seller BCDI Realty Company - Allen Panetz
180 Heartland Blvd.
Building Size
—
Asset Type
—
Closing
Sep 15, 2022
AI
The industrial property located at 180 Heartland Blvd. in Brentwood, Long Island has been sold for a price of $4,950,000. The property spans 24,000 square feet, resulting in a price per square foot of $206. The transaction took place on 08/12/2022 and involved the following parties:
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,950,000
- Address: 180 Heartland Blvd.
- Market: Brentwood, Long Island
- Buyer: Faropoint
- Seller: BCDI Realty Company - Allen Panetz
- Broker: Philip Shwom - Schacker Realty
Faropoint acquired the industrial property from BCDI Realty Company, who was represented by Allen Panetz. Philip Shwom, from Schacker Realty, acted as the broker in the transaction.
Players
Brentwood CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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