SOLDIndustrial
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
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.
Kingston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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