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190 Blydenburg Road

Updated Sep 5, 2024

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

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]

Players

Daniel Abbondandolo

Cushman & Wakefield

Broker

$520.1M

vol

86 deals

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $121 per square foot on a published $4.5M for 37,000 square feet (2023).

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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

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