Updated Oct 28, 2024
J&M Real Estate Lam's Group LLC Acquires Industrial Property In Amityville For $7.35M
10 Ranick Drive South, Amityville, New York 11701, United States
$7,350,000
$169/SF
Building Size
43,500 SF
Asset Type
Industrial
Closing
Oct 6, 2022
About this deal
AI
Located at 10 Ranick Drive South in Amityville, this industrial property spans approximately 1.4 acres. The sale of this property was finalized on October 7, 2022.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $7,350,000
- Square Footage: 43,500
- Price per Square Foot: $169
- Address: 10 Ranick Drive South, Amityville
- Market: Amityville
- Buyer: J&M Real Estate Lam’s Group LLC
J&M Real Estate Lam’s Group LLC acquired this industrial property for $7,350,000. The property offers a total of 43,500 square feet, providing ample space for various industrial operations. Located at 10 Ranick Drive South in Amityville, the property is situated on approximately 1.4 acres. This strategic acquisition presents an opportunity for J&M Real Estate Lam’s Group LLC to further expand their portfolio in the industrial market.
Players
Amityville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93