JRI 28CI LLC Acquires Property From Pandem Enterprises In Central Islip For $8M
2 E Suffolk Ave, Central Islip, NY, 11722
$8,000,000
$615/SF
Building Size
13,000 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property located at 2 E Suffolk Ave, Central Islip, NY, 11722 is a commercial asset valued at $8,000,000.00. The total square footage of the property is 13,000 square feet, situated in the Central Islip market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $8,000,000.00
- Property Address: 2 E Suffolk Ave, Central Islip, NY, 11722
- Square Footage: 13,000
- Market: Central Islip
- Buyer: JRI 28CI LLC
- Seller: Pandem Enterprises
- Buyer's Representative: Adam Silber (Silber Investment Properties)
This transaction involved JRI 28CI LLC as the buyer, with Pandem Enterprises serving as the seller. Adam Silber from Silber Investment Properties represented the buyer in this deal, facilitating the transaction in the Central Islip market.
On the Map
$8,000,000
$615/SF
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Central Islip 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93