Updated Oct 29, 2024
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.
Ronkonkoma Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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