Updated Sep 5, 2024
Brent Mako Real Estate Group & LMJ Management Acquire Industrial Building In Islandia For $4.5M
190 Blydenburg Road
$4,500,000
$121/SF
Building Size
37,000 SF
Asset Type
Industrial
Closing
Feb 14, 2023
About this deal
AI
The industrial property located at 190 Blydenburgh Road in Islandia, Long Island has been sold for $4,500,000. The asset is a 37,000 square feet flex building with 18' clear height. It is strategically positioned at the intersection of I-495 (Long Island Expressway) and NY 454 (Veterans Memorial Highway) in Islandia, NY. This transaction demonstrates the strength of the industrial/flex investment sector on Long Island.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Square Footage: 37,000
- Price Per Square Foot: $122
- Address: 190 Blydenburgh Road, Islandia, Long Island
- Market: Islandia, Long Island
The buyer of the property is Brent Mako Real Estate Group represented by Will Kogel and LMJ Management & Construction represented by Josh Seiden. The seller of the property is Frank Jachetta. The brokerage for this transaction was handled by Daniel Abbondandolo of Cushman & Wakefield. For more information about this transaction, please reach out to the team directly.
NOTE FROM BROKER: Cushman & Wakefield's TEAMABBONDANDOLO successfully represented the seller in the disposition of 190 Blydenburgh Road in Islandia. The asset traded hands for $4,500,000 | $122 / SF, which is a testament to the strength of the industrial/flex investment sector on Long Island. The asset is a 37,000 SF 18’ clear flex building located at the intersection of I-495 (Long Island Expressway) and NY 454 (Veterans Memorial Highway) in Islandia, NY.
TEAMABBONDANDOLO - Capital Markets & Investment Sales
Daniel Abbondandolo | Executive Director
P: 516-375-6336 | E: [email protected]
Market 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93