Updated Sep 8, 2026
NorthMarq Arranges $35 Million Acquisition Financing For Small-Bay Industrial Portfolio On Long Island
10-32 Dubon Court, 855 Conklin Street, 44 Central Drive, 56 Central Drive, 58 Bethpage Road & 3508 Hargale Road
$35,000,000
$21/SF
Building Size
275,891 SF
Asset Type
Industrial
Closing
Jul 17, 2026
About this deal
AI
An acquisition loan of $35 million was secured for a five-property small-bay industrial portfolio located in Farmingdale, Hicksville, and Oceanside. The total square footage of the properties amounts to 275,891 and includes addresses at 10-32 Dubon Court, 855 Conklin Street, 44-56 Central Drive, 58 Bethpage Road, and 3508 Hargale Road within the Long Island market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $35,000,000
- Loan Type: Acquisition
- Market: Farmingdale, Hicksville & Oceanside
- Asset Square Footage: 275,891
- Addresses: 10-32 Dubon Court, 855 Conklin Street, 44-56 Central Drive, 58 Bethpage Road & 3508 Hargale Road
- Brokers: Ernest DesRochers & Charles Cotsalas - NorthMarq
NorthMarq arranged the financing for the acquisition, facilitating the deal involving the five-property portfolio. The brokers representing the transaction were Ernest DesRochers and Charles Cotsalas from NorthMarq.
Players
Farmingdale Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93