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135 Bangor Street

Joseph Sgo Acquires Lindenhurst Industrial Property For $1.67M
SOLDIndustrial

Joseph Sgo Acquires Lindenhurst Industrial Property For $1.67M

135 Bangor Street

$1,675,000

$222/SF

Building Size

7,533 SF

Asset Type

Industrial

Closing

Dec 12, 2023

AI

The industrial property located at 135 Bangor Street in Lindenhurst has been sold for a price of $1,675,000. The property spans across 7,533 square feet, resulting in a price per square foot of $222. This transaction took place on 12/12/2023.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $1,675,000
  • Square Footage: 7,533
  • Price per Square Foot: $222
  • Address: 135 Bangor Street, Lindenhurst
  • Buyer: Joseph Sgo
  • Seller: Mike VanDenburg
  • Broker: Jason Merrell - Douglas Elliman Commercial LI

Joseph Sgo acquired the property from Mike VanDenburg in this transaction. Assisted by Jason Merrell from Douglas Elliman Commercial LI, Joseph successfully closed the deal for the industrial property located at 135 Bangor Street in Lindenhurst. It is great to see the involvement of dedicated professionals like Jason Merrell, who played a crucial role in this transaction.

Players

Jason Merrell

Island Associates Real Estate Inc.

Broker

$26.2M

vol

8 deals

Broker

Lindenhurst 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

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93