facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

1001 Scott Avenue

Hildreth Real Estate Advisors Acquires Industrial Property In Riverhead For $3.2M
SOLDIndustrial

Hildreth Real Estate Advisors Acquires Industrial Property In Riverhead For $3.2M

1001 Scott Avenue

$3,200,000

Building Size

Asset Type

Industrial

Closing

Aug 26, 2022

AI

Located in Riverhead, the industrial property at 1001 Scott Ave. has been sold in a closed transaction. The property spans across 10 acres and offers 70,000 square feet of buildable space, suitable for industrial use as well as outdoor storage. The transaction took place on 08/26/2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,200,000
  • Buyer: Hildreth Real Estate Advisors - David Shorenstein, Jason Breitstone, Yair Sarraf, and Max Padway
  • Seller: EBS Building Systems
  • Date: 08/26/2022
  • Address: 1001 Scott Ave.
  • Market: Riverhead

Hildreth Real Estate Advisors, represented by David Shorenstein, Jason Breitstone, Yair Sarraf, and Max Padway, served as the buyer for this transaction. Please note that Hildreth Real Estate Advisors is actively seeking industrial development sites in the Northeast. For opportunities, they can be contacted via email at [email protected].

Players

David Shorenstein

Hildreth Real Estate Advisors

Buyer

$187.3M

vol

60 deals

Buyer

Calverton Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93