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16 Filmore Place, Freeport,...

Pro Metal Of NY Acquires Industrial Property On Filmore Place In Nassau County For $1.63M
SOLDIndustrial

Pro Metal Of NY Acquires Industrial Property On Filmore Place In Nassau County For $1.63M

16 Filmore Place, Freeport, New York 11520, United States

$1,630,000

$190/SF

Building Size

8,538 SF

Asset Type

Industrial

Closing

Nov 2, 2022

AI

Pro Metal of NY has purchased an industrial property located at 16 Filmore Place in Nassau County. The property spans 8,538 square feet and was sold for a price of $1,630,000, resulting in a price per square foot of $191. The transaction took place on 11/03/2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,630,000
  • Square Footage: 8,538
  • Address: 16 Filmore Place, Nassau County
  • Market: Nassau County

The buyer, Pro Metal of NY, acquired the property from John Primiani. The deal was facilitated by brokers Michael Gronenthal and Michael Murphy from Douglas Elliman. For other Industrial opportunities in Freeport NY, interested parties can contact Michael Gronenthal.

Players

Michael Gronenthal

Douglas Elliman

Broker

$106.7M

vol

38 deals

Broker
PN
Pro Metal of NYBuyer

John Primiani

Seller

$3.3M

vol

2 deals

Seller

Freeport Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.73%

Cash-on-Cash

-2.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93