Michael Fromowitz Acquires 10.6 Acre Industrial Property In Orange County For $11M
SOLD
$11,000,000
New York
See Similar DealsIndustrial215,000 SF
Sold 10/04/2021
SOLD
Michael Fromowitz Acquires 10.6 Acre Industrial Property In Orange County For $11M
102-128 Dolson Ave, Middletown, Orange County, NY, USA
See Similar DealsIndustrial215,000 SF
Sold 10/04/2021
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$51
Total Square Footage:215,000 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
Is there something missing? Send suggestions