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3200 Expy Dr S, Islandia, N...

Blue Rise Group Acquires Property At 3200 Expy Dr S Islandia For $3 Million With Mark Zussman As Seller's Rep
SOLD

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

Mark Zussman

CBRE

Broker

$3M

vol

2 deals

Broker

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