Updated Oct 29, 2024
16 Colt Realty LLC Acquires Property At 16 Colt Ct Ronkonkoma With Seller's Reps From Newmark Knight Frank
16 Colt Ct, Ronkonkoma, NY, 11779
Building Size
12,000 SF
Asset Type
Industrial
Closing
Nov 19, 2023
About this deal
AI
16 Colt Court is a 12,000-square-foot industrial facility located in Ronkonkoma, NY. The property's specific sales price remains undisclosed. Previously, this facility was occupied by Link Control Systems Inc., a manufacturer specializing in control devices for large mechanical devices, including those used for drawbridges.
Summary of transaction details:
- Property Type: Industrial Facility
- Transaction Amount: Undisclosed
- Address: 16 Colt Ct, Ronkonkoma, NY, 11779
- Market: Ronkonkoma
- Seller: Colt Properties LLC
- Buyer: 16 Colt Realty LLC
- Seller's Representatives: Keith Kito-Newmark Knight Frank, Chuck Tabone-Newmark Knight Frank, Daniel Gazzola-Newmark Knight Frank
The transaction was facilitated by Newmark Knight Frank, with Daniel Gazzola, Chuck Tabone, and Keith Kito representing the seller, Colt Properties LLC. The buyer, 16 Colt Realty LLC, engaged in this deal to acquire the property previously employed by Link Control Systems Inc.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93