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19 Hanse Avenue

Josh Feldman Purchases Industrial Property At 19 Hanse Avenue In Freeport For $1.35M
SOLDIndustrial

Josh Feldman Purchases Industrial Property At 19 Hanse Avenue In Freeport For $1.35M

19 Hanse Avenue

$1,350,000

$211/SF

Building Size

6,380 SF

Asset Type

Industrial

Closing

Oct 23, 2024

AI

The property involved in this transaction is an industrial asset located at 19 Hanse Avenue in Freeport. The sale was completed at a price of $1,350,000, covering an area of 6,380 square feet, which translates to a price per square foot of approximately $211.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,350,000
  • Address: 19 Hanse Avenue
  • Market: Freeport
  • Square Footage: 6,380
  • Price Per Square Foot: $211
  • Buyer: Josh Feldman
  • Seller: Laurie Basch
  • Broker: Michael Gronenthal - Douglas Elliman

This transaction highlights the roles of the key individuals involved, specifically the buyer, Josh Feldman, and the seller, Laurie Basch. The brokerage firm representing the seller in this deal was Douglas Elliman, with Michael Gronenthal acting as the broker for the transaction.

Players

Michael Gronenthal

Douglas Elliman

Broker

$106.7M

vol

38 deals

Broker

Freeport 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93