13 Edison Holding LLC Acquires 61,609-SF Industrial Property In Amityville For $10.688M
13 Edison Street East
$10,688,000
$173/SF
Building Size
61,609 SF
Asset Type
Industrial
Closing
Sep 30, 2024
AI
The transaction involves the sale of a 2.56-acre industrial property located at 13 Edison Street in Amityville. The property encompasses a total area of 61,609 square feet and was sold for $10,688,000, resulting in a price per square foot of $173.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,688,000
- Address: 13 Edison Street
- Market: Amityville
- Total Acreage: 2.56
- Square Footage: 61,609
- Price per Square Foot: $173
- Buyer: 13 Edison Holding LLC
- Seller: Hikma Pharmaceuticals USA
- Buyer's Representative: Alberto Fiorini - Alliance Real Estate Corp.
- Seller's Representatives: Nicholas Gallipoli, Philip D’Avanzo & Ryan Korzekwinski - Cushman & Wakefield
13 Edison Holding LLC, associated with Express Kitchen Bath & Stone, has acquired the industrial site to enhance its storage and distribution capabilities. The deal was facilitated by a team of representatives from both the buyer and seller's side, ensuring a smooth transaction process.
Players
Amityville 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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93