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174 Cabot Avenue, West Baby...

BEB Capital Acquires Industrial Property In Suffolk County For $4.9M
SOLDIndustrial

BEB Capital Acquires Industrial Property In Suffolk County For $4.9M

174 Cabot Avenue, West Babylon, New York 11704, United States

$4,869,000

$304/SF

Building Size

16,000 SF

Asset Type

Industrial

Closing

Dec 17, 2021

AI

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

Matthew Kucker

Colliers

Broker

$35M

vol

7 deals

Broker
Keyvan Ghaytanchi

Keyvan Ghaytanchi

BEB Capital

Buyer

$181.6M

vol

20 deals

Buyer
BEB Capital
BEB Capital Lender

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

3.26%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93