Faropoint Acquires Industrial Property In Brentwood, Long Island For $4.95M
180 Heartland Boulevard, Brentwood, New York 11717, United States
$4,950,000
$206/SF
Building Size
24,000 SF
Asset Type
Industrial
Closing
Aug 11, 2022
AI
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.
Players
Brentwood 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
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93