Updated Jun 21, 2026
New Tiger International Acquires Bay Shore Industrial Property For $12 Million From Ashi Properties LLC
1560 5th Avenue
$12,000,000
$240/SF
Building Size
49,812 SF
Asset Type
Industrial
Closing
Jun 17, 2026
About this deal
AI
A 2.9-acre industrial property located at 1560 5th Avenue in Bay Shore has been sold for $12 million. The property encompasses a total square footage of 49,812 and has a price per square foot of $241.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,000,000
- Address: 1560 5th Avenue
- Market: Bay Shore
- Square Footage: 49,812
- Price per Square Foot: $241
- Buyer: New Tiger International
- Seller: Ashi Properties LLC
- Broker Representatives: Daniel Gazzola & Charles Tabone - Newmark
New Tiger International, recognized as a supplier to the supermarket and restaurant sectors in the Asian food industry, is planning for potential expansion following this acquisition.
Players
Rochester 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93