Updated Dec 4, 2024
Ben Fiorentina Acquires Industrial Property In Freeport, New York For $2.5M
10 Niagara Avenue
$2,500,000
$174/SF
Building Size
14,345 SF
Asset Type
Industrial
Closing
Nov 14, 2023
About this deal
AI
The industrial property located at 10 Niagara Avenue in Freeport, New York was recently sold for $2,500,000. The asset spans 14,345 square feet, resulting in a price per square foot of $174. The transaction took place on November 14, 2023, with Michael Gronenthal representing the seller, Whitney Matza, for Douglas Elliman.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,500,000
- Address: 10 Niagara Avenue
- Market: Freeport, New York
- Square Footage: 14,345
- Buyer: Ben Fiorentina
- Seller: Whitney Matza
- Seller's Rep: Michael Gronenthal - Douglas Elliman
Ben Fiorentina was the buyer in this transaction, concluding the sale of the industrial property. Notably, Michael Gronenthal of Douglas Elliman played a vital role as the seller's representative, facilitating the deal between Ben Fiorentina and Whitney Matza.
Freeport Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Gronenthal to view all their deals.
Browse Freeport industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93