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.
Lindenhurst Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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