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Christine Ye & Jing Ye Acquire Industrial Property In Syosset For $5.7M

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SOLD
$5,700,000

New York

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Industrial20,750 SF
Sold 09/01/2022
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SOLD

Christine Ye & Jing Ye Acquire Industrial Property In Syosset For $5.7M

170 Eileen Way, Syosset, New York 11791, United States

See Similar Deals
Industrial20,750 SF
Sold 09/01/2022
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$274
Total Square Footage:20,750 SF
Transaction Type:Sale

A industrial property located at 170 Eileen Way has been sold in Nassau County. The property, measuring 20,750 square feet, was sold for a price of $5,700,000, resulting in a price per square foot of $274. The transaction took place on 09/01/2022.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $5,700,000
  • Address: 170 Eileen Way, Syosset
  • Market: Nassau County

The buyer of the property is Christine Ye and Jing Ye. They acquired the property from AFA Protective Systems. The brokers involved in the transaction were Greg Picker from Industry One Realty Corp and Chris Stack from CBRE.

Players

Gregory (Greg) Picker
4 deals$12.8M volume
BROKER

Christopher (Chris) Stack
CBRE
1 deal$5.7M volume
BROKER

Details

SOLD
IMAGE: Greg Picker & Chris Stack DATE: 09/01/2022 ADDRESS: 170 Eileen Way, Syosset MARKET: Nassau County ASSET TYPE: Industrial BUYER: Christine Ye & Jing Ye SELLER: AFA Protective Systems (@AFAProtectiveSystemsInc) BROKERS: Greg Picker (@GDPicker) - Industry One Realty Corp & Chris Stack - CBRE (@CBRE) SALE PRICE: $5,700,000 SF: 20,750 ~ PPSF: $274

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$304,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90