BEB Capital Acquires Industrial Property In Suffolk County For $4.9M
SOLD
$4,869,000
+ 2
New York
See Similar DealsIndustrial16,000 SF
Sold 12/17/2021
SOLD
BEB Capital Acquires Industrial Property In Suffolk County For $4.9M
174 Cabot Avenue, West Babylon, New York 11704, United States
See Similar DealsIndustrial16,000 SF
Sold 12/17/2021
+ 2
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$304
Total Square Footage:16,000 SF
Transaction Type:Sale
The industrial property located at 174 Cabot Street in Suffolk County has been sold for a price of $4,869,000. The property spans across 16,000 square feet, resulting in a price per square foot of $304. The transaction took place on December 17, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,869,000
- Address: 174 Cabot Street, Suffolk County
- Market: Suffolk County
The buyer of the property was BEB Capital, represented by Lee Brodsky, Keyvan Ghaytanchi, and Ben Fischer. The seller of the property was Bob Riegel. The transaction was facilitated by Matthew Kucker and Jordan Baruch from Colliers International.
Additionally, a note from @BebCapital highlights the presence of 40 docks, with each dock valued at approximately $122,000.
Players
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$259,680.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,298.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,081.54
Annual Debt Service$276,978.53
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