Ariel Malekan Acquires Industrial Property On 14 Suffolk Street In Freeport For $1.3M
SOLD
$1,300,000
New York
See Similar DealsIndustrial8,251 SF
Sold 08/03/2023
SOLD
Ariel Malekan Acquires Industrial Property On 14 Suffolk Street In Freeport For $1.3M
14 Suffolk Street
See Similar DealsIndustrial8,251 SF
Sold 08/03/2023
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$157
Total Square Footage:8,251 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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