Pro Metal Of NY Acquires Industrial Property On Filmore Place In Nassau County For $1.63M
SOLD
$1,630,000
New York
See Similar DealsIndustrial8,538 SF
Sold 11/03/2022
SOLD
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
See Similar DealsIndustrial8,538 SF
Sold 11/03/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$190
Total Square Footage:8,538 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,791.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,727.03
Annual Debt Service$92,724.38
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