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
Freeport 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
9.73%
Cash-on-Cash
-2.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93