Updated Sep 5, 2024
Mio Marino Acquires Industrial Property On Enterprise Dr. In Kingston For $13.25M
1700 Enterprise Dr, Kingston, NY, USA
$13,250,000
$29/SF
Building Size
450,000 SF
Asset Type
Industrial
Closing
Aug 18, 2021
About this deal
AI
A 450,000 square foot industrial property located at 1700 Enterprise Dr. in Kingston has been sold for $13,250,000. The transaction took place on August 18, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,250,000
- Market: Kingston
- Buyer: Mio Marino
- Seller: Alan Ginsburg
- Buyer's Representative: Zev Steinmetz
Zev Steinmetz, representing Mio Marino, facilitated the purchase of the property from Alan Ginsburg.
The industrial sale at 1700 Enterprise Dr, Kingston, NY, USA in Kingston, New York sold for $13.3M in 2021. The building is 450,000 square feet, implying about 29 per square foot on the published price. Zev Steinmetz, William Raveis Real Estate appear on the sale alongside William Raveis Real Estate. This page is the Kingston, New York file for the 1700 Enterprise Dr, Kingston, NY, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Kingston sit in the Market section below. Filter that Kingston industrial set by closing date to see what else sold near 1700 Enterprise Dr, Kingston, NY, USA around 2021. Published consideration for 1700 Enterprise Dr, Kingston, NY, USA is $13.3M, dated 2021. Cite this Mio Marino Acquires Industrial Property On Enterprise Dr. In Kingston For $13.25M sale when underwriting similar industrial product around Kingston, New York.
Kingston 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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93