Updated Dec 21, 2023
Michael Fromowitz Acquires 10.6 Acre Industrial Property In Orange County For $11M
102-128 Dolson Ave, Middletown, Orange County, NY, USA
$11,000,000
$51/SF
Building Size
215,000 SF
Asset Type
Industrial
Closing
Oct 4, 2021
About this deal
AI
Located at 102-128 Dolson Ave in Orange County, this industrial property spans over 10.6 acres. The transaction, which took place on 10/04/2021, was facilitated by Michael Fromowitz of Point West Realty. The property was sold for $11,000,000, with a total square footage of 215,000. The price per square foot was $51.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $11,000,000
- Address: 102-128 Dolson Ave
- Market: Orange County
- Acres: 10.6
Isaac Neuman from RDM Group will be managing the approvals and rehab of the space, as noted by the broker, Michael Fromowitz.
Players
Middletown 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93