Updated Jan 31, 2025
Beyer Field Street LLC Acquires Industrial Property From Hesh’s Recycling Inc For $2.75M
170 Fields Street
$2,750,000
Building Size
—
Asset Type
Industrial
Closing
Jan 28, 2025
About this deal
AI
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:
- Property Type: Industrial
- Transaction Amount: $2,750,000
- Buyer: Beyer Field Street LLC
- Seller: Hesh’s Recycling Inc
- Broker: Jeremy Hackett - Metro Realty Services
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.
On the Map
$2,750,000
Industrial
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West Babylon 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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93