facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

144 Remington BLVD, Ronkonk...

Updated Oct 29, 2024

144-1 Remington LLC Acquires Industrial Property In Ronkonkoma For $400,000
SOLDIndustrial

144-1 Remington LLC Acquires Industrial Property In Ronkonkoma For $400,000

144 Remington BLVD, Ronkonkoma, N...

$400,000

$160/SF

Building Size

2,500 SF

Asset Type

Industrial

Closing

Nov 22, 2023

About this deal

AI

Located at 144 Remington BLVD in Ronkonkoma, the industrial property spans 2,500 square feet and was purchased by 144-1 Remington LLC for $400,000. The buyer's representative, Michael Paul Zere of Zere Real Estate Services, facilitated the transaction with the seller, Tre Tesori Corp.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $400,000.00
  • Market: Ronkonkoma
  • Buyer's Representative: Michael Paul Zere (Zere Real Estate Services)
  • Buyer: 144-1 Remington LLC
  • Seller: Tre Tesori Corp.
  • SF: 2,500

Festivus LLC, a real estate investment firm based in New York City, recently acquired a 57,590-square-foot industrial property in Bohemia for $5.2 million. The building is situated on 3.77 acres and is currently leased to New York Tent, an event company. Richard Cohen of Ashlind Properties served as the representative for both the buyer, Festivus LLC, and the sellers, Jason and Michael Norberto, in this significant sales transaction.

Players

Michael Paul Zere

Zere Real Estate Services

Broker

$400K

vol

4 deals

Broker

Ronkonkoma Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Deal FAQ

About $160 per square foot on a published $400K for 2,500 square feet (2024).

Visit Michael Paul Zere to view all their deals.

Browse New York industrial sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

39.66%

Cash-on-Cash

-11.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets