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Beyer Field Street LLC Acquires Industrial Property From Hesh’s Recycling Inc For $2.75M

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SOLD
$2,750,000

New York

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Industrial
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Beyer Field Street LLC Acquires Industrial Property From Hesh’s Recycling Inc For $2.75M

170 Fields Street

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Industrial
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Summary

NEW YORK
Asset Type:Industrial
Transaction Type:Sale

Beyer Field Street LLC acquired a 1-acre paved industrial property located at 170 Fields Street in West Babylon. The transaction was completed for a price of $2,750,000. The buyer intends to use the site primarily as an outdoor storage yard.

Summary of transaction details:

The deal was facilitated by Jeremy Hackett, representing Metro Realty Services, highlighting his role in successfully completing this transaction. The acquisition reflects Beyer Field Street LLC's strategic decision to enhance its operational capabilities with the newly purchased property.

Players

Jeremy Hackett
2 deals$3.4M volume(516) 456-0108
BROKER

Details

SOLD
IMAGE: Jeremy Hackett DATE: 01/28/2025 ADDRESS: 170 Fields Street MARKET: West Babylon ASSET TYPE: Industrial BUYER: Beyer Field Street LLC SELLER: Hesh’s Recycling Inc BROKER: Jeremy Hackett - Metro Realty Services SALE PRICE: $2,750,000 NOTE: Beyer Field Street LLC bought a 1-acre paved industrial property at 170 Field St., West Babylon, for $2.75 million. The buyer plans to use the site as an outdoor storage yard, with the deal facilitated by Jeremy Hackett of Metro Realty Services.

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

$146,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84