Updated Sep 5, 2024
Ruben Sierra Acquires Industrial Property In Baldwin, Long Island For $2.3M
1044 Merrick Rd Baldwin, NY 11510, USA
$2,300,000
$285/SF
Building Size
8,070 SF
Asset Type
Industrial
Closing
Aug 14, 2023
About this deal
AI
The industrial property located at 1044 Merrick Road in Baldwin, Long Island, was recently sold. The property spans 8,070 square feet, with a sale price of $2,300,000, translating to a price per square foot of $285.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,300,000
- Buyer: Ruben Sierra
- Seller: Lewis Okin
- Broker: Jasper Champagne - EXP Realty
Ruben Sierra was the buyer, while Lewis Okin served as the seller in this transaction. Jasper Champagne, a representative from EXP Realty, acted as the broker in the deal.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Jasper Champagne to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93