Updated Oct 28, 2024
Realterm Acquires Industrial Property In Blauvelt For $102.5M
100 Oritani Dr, Blauvelt, New York 10913, United States
$102,500,000
$583/SF
Building Size
175,775 SF
Asset Type
Industrial
Closing
Feb 3, 2022
About this deal
AI
Jonathan Schultz, John Saraceno, Jr., and Brian Fiumara were responsible for the sale of the industrial property located at 100-400 Oritani Drive in Blauvelt. The transaction took place on 02/04/2022, and the property spans 21.8 acres. Realterm purchased the property from Onix Equities for a total of $102,500,000. With a square footage of 175,775, the price per square foot equates to $583.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $102,500,000
- Address: 100-400 Oritani Drive, Blauvelt
- Market: Blauvelt
- Square Footage: 175,775
- Acres: 21.8
Brian Fiumara from CBRE represented Realterm in this transaction.
Players
Blauvelt 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93