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190 Blydenburg Road

Brent Mako Real Estate Group & LMJ Management Acquire Industrial Building In Islandia For $4.5M
SOLDIndustrial

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

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]

Players

Daniel Abbondandolo

Cushman & Wakefield

Broker

$509.6M

vol

84 deals

Broker

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