facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

14 Suffolk Street

Ariel Malekan Acquires Industrial Property On 14 Suffolk Street In Freeport For $1.3M
SOLDIndustrial

Ariel Malekan Acquires Industrial Property On 14 Suffolk Street In Freeport For $1.3M

14 Suffolk Street

$1,300,000

$157/SF

Building Size

8,251 SF

Asset Type

Industrial

Closing

Aug 3, 2023

AI

A industrial property located at 14 Suffolk Street in Freeport has been sold for $1,300,000. The property spans 8,251 square feet, resulting in a price per square foot of $158.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,300,000
  • Address: 14 Suffolk Street, Freeport
  • Market: Freeport

The buyer of the property is Ariel Malekan, while the seller is Ilona Jagnow. The deal was facilitated by brokers Thomas Donovan, Tommy Lin, and Eugene Kim from B6 Real Estate Advisors.

Players

Thomas Donovan

Meridian Capital Group

Broker

$730.7M

vol

51 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

Market 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93