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144 Remington BLVD, Ronkonk...

Updated Oct 13, 2026

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:

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.

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$400,000

$160/SF

Industrial

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Players

Michael Paul Zere

Zere Real Estate Services

Broker

$400K

vol

4 deals

Broker
RP
Remington PartnersBuyer
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Ronkonkoma Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

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

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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

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