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
West Babylon 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
3.26%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93