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
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