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.
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