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10 Niagara Avenue

Updated Dec 4, 2024

Ben Fiorentina Acquires Industrial Property In Freeport, New York For $2.5M
SOLDIndustrial

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.

Players

Michael Gronenthal

Douglas Elliman

Broker

$108.4M

vol

40 deals

Broker

Freeport Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $174 per square foot on a published $2.5M for 14,345 square feet (2023).

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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

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