Updated Oct 28, 2024
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
About this deal
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].
On the Map
$3,200,000
Industrial
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Players
Calverton 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93