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180 Heartland Blvd.

Faropoint Acquires Industrial Property In Brentwood, Long Island For $4.95M From Seller BCDI Realty Company - Allen Panetz
SOLD

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

Faropoint
FaropointBuyer

Allen Panetz

BCDI Realty Company

Seller

$5M

vol

2 deals

Seller

Brentwood CRE Market Snapshot

Boundary boundary · CRE · 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