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

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SOLD
$400,000

New York

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Industrial2,500 SF
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SOLD

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

144 Remington BLVD, Ronkonkoma, N...

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Industrial2,500 SF
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$160
Total Square Footage:2,500 SF
Transaction Type:Sale

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
4 deals$400K volume(631) 467-4300
BROKER

Details

SOLD
IMAGE: 144 Remington BLVD, Ronkonkoma, N... MARKET: Ronkonkoma ASSET TYPE: Industrial BUYER'S REP: Michael Paul Zere(Zere Real Estate Services) BUYER: 144-1 Remington LLC SELLER: Tre Tesori Corp. PRICE: $400,000.00 SF: 2500

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$21,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$1,421.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,896.20
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