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1800 South Avenue, Staten I...

DH Property Holdings Acquires Industrial Property On South Avenue, Staten Island For $14.2M
SOLDIndustrial

DH Property Holdings Acquires Industrial Property On South Avenue, Staten Island For $14.2M

1800 South Avenue, Staten Island, NY, USA

$14,200,000

$18/SF

Building Size

764,000 SF

Asset Type

Industrial

Closing

Jun 20, 2021

AI

DH Property Holdings, represented by Dov Hertz, has acquired an industrial property located at 1800 South Avenue in Staten Island. The property spans approximately 764,000 square feet and was sold by Stewart Mann for a total price of $14,200,000. This translates to an average price per square foot of $18.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $14,200,000
  • Address: 1800 South Avenue
  • Market: Staten Island

The acquisition was executed by DH Property Holdings, a real estate company represented by Dov Hertz. On the seller's side, Stewart Mann played a crucial role in facilitating the transaction. This deal highlights the strategic investment made by DH Property Holdings in the industrial sector in Staten Island.

Players

Dov Hertz

DH Property Holdings

Buyer

$404.9M

vol

8 deals

Buyer

New York 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

1.12%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93