Blue Rise Group Acquires Property At 3200 Expy Dr S Islandia For $3 Million With Mark Zussman As Seller's Rep
3200 Expy Dr S, Islandia, NY, 11749
$3,000,000
$176/SF
Building Size
17,000 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 3200 Expy Dr S, Islandia, NY, 11749. It comprises 17,000 square feet and was sold for $3,000,000. The market value for this property is situated in Islandia.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $3,000,000.00
- Property Address: 3200 Expy Dr S, Islandia, NY, 11749
- Square Footage: 17,000 SF
- Market: Islandia
- Seller's Representative: Mark Zussman (CBRE)
- Buyer: Blue Rise Group
Mark Zussman, representing the seller through CBRE, facilitated the transaction on behalf of the seller. The buyer, Blue Rise Group, completed the acquisition of the property in a closed transaction.
Players
Islandia 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93