Updated Oct 28, 2024
Coast2Coast Real Estate Acquires Industrial Property In Bellport For $4M
20 Pinehurst Drive, Bellport, NY, USA
$4,000,000
$208/SF
Building Size
19,172 SF
Asset Type
Industrial
Closing
Oct 1, 2021
About this deal
AI
An industrial property located at 20 Pinehurst Dr. in Bellport has been sold for a transaction amount of $4,000,000. The property spans an area of 19,172 square feet and has a price per square foot of $208. The sale took place on October 1, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,000,000
- Address: 20 Pinehurst Dr.
- Market: Bellport
- Buyer: Coast2Coast Real Estate - Robert Lee Jr
- Seller: Grucci Properties East LLC - Philip Grucci
- Buyer's Representative: Michael Gronenthal - Douglas Elliman Commercial
- Seller's Representatives: Michael Murphy & David Rice
Coast2Coast Real Estate, represented by Michael Gronenthal of Douglas Elliman Commercial, purchased the property from Grucci Properties East LLC. The sale was completed under their respective guidance.
Players
Bellport 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93