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]
Market Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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