Faropoint Acquires Industrial Property In Brentwood, Long Island For $4.95M
SOLD
$4,950,000
New York
See Similar DealsIndustrial24,000 SF
Sold
SOLD
Faropoint Acquires Industrial Property In Brentwood, Long Island For $4.95M
180 Heartland Boulevard, Brentwood, New York 11717, United States
See Similar DealsIndustrial24,000 SF
Sold
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$206
Total Square Footage:24000 SF
Transaction Type:Sale
The industrial property located at 180 Heartland Blvd. in Brentwood, Long Island was recently sold for a price of $4,950,000. The property spans a total area of 24,000 square feet, resulting in a price per square foot of $206. The transaction took place on 8/12/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,950,000
- Address: 180 Heartland Blvd., Brentwood, Long Island
- Market: Brentwood, Long Island
The buyer in this transaction was Faropoint, while the seller was BCDI Realty Company represented by Allen Panetz. The deal was facilitated by Philip Shwom from Schacker Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$264,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,586.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,465.53
Annual Debt Service$281,586.30
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