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.
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