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200 Corbin Ave Deer Park, N...

Long Island Bottle Gas Supply & Service Corp. Sells Industrial Property In Deer Park For $3.5M
SOLDIndustrial

Long Island Bottle Gas Supply & Service Corp. Sells Industrial Property In Deer Park For $3.5M

200 Corbin Ave Deer Park, NY 11729

$3,500,000

$464/SF

Building Size

7,531 SF

Asset Type

Industrial

Closing

Jul 5, 2022

AI

Located at 200 Corbin Ave, Bay Shore, NY 11706, USA, this industrial property in Deer Park has been sold. Long Island Bottle Gas Supply & Service Corp. was the seller of this property, with a transaction amount of $3,500,000. The property spans across 7,531 square feet, with a price per square foot of $465. The deal was facilitated by Frank Frizalone, SIOR, John Giannuzzi, Nick Gallipoli, Tom DeLuca, and Joseph Jodie Dostal, III.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,500,000
  • Square Footage: 7,531
  • Price per Square Foot: $465
  • Market: Deer Park

Notable individuals involved in the transaction include Frank Frizalone, SIOR, John Giannuzzi, Nick Gallipoli, Tom DeLuca, and Joseph Jodie Dostal, III, who served as brokers. They played a crucial role in representing the buyer and seller throughout the deal.

Players

Thomas DeLuca

Cushman & Wakefield

Broker

$123.7M

vol

14 deals

Broker

Bay Shore 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93