Bernard Esqunet Acquires Industrial Property On Parkway Dr S In Suffolk County For $7.1M
SOLD
$7,100,000
New York
See Similar DealsIndustrial40,465 SF
Sold 11/23/2022
SOLD
Bernard Esqunet Acquires Industrial Property On Parkway Dr S In Suffolk County For $7.1M
114 Parkway Drive South
See Similar DealsIndustrial40,465 SF
Sold 11/23/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$175
Total Square Footage:40,465 SF
Transaction Type:Sale
An industrial property located at 114 Parkway Dr S in Suffolk County has been sold. The property spans 40,465 square feet and was sold for a price of $7,100,000, resulting in a price per square foot of $175. The transaction took place on November 23, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,100,000
- Square Footage: 40,465
- Price per Square Foot: $175
- Address: 114 Parkway Dr S
- Market: Suffolk County
Bernard Esqunet purchased the property from Glenn Schneider. The deal was facilitated by Greg Picker of Industry One Realty Corp, representing the buyer, and Howard Nemshin of Atlantic Property Services, representing the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$378,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,224.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,657.62
Annual Debt Service$403,891.47
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