facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

205 Marcus Blvd, Hauppauge,...

ULC Robotics Inc. Acquires Industrial Property In Mineola, Hauppauge For $2.675M
SOLDIndustrial

ULC Robotics Inc. Acquires Industrial Property In Mineola, Hauppauge For $2.675M

205 Marcus Blvd, Hauppauge, NY 11788, USA

$2,675,000

$22/SF

Building Size

121,490 SF

Asset Type

Industrial

Closing

Feb 13, 2020

AI

An industrial property located at 205 Marcus Boulevard in Mineola, Hauppauge, was recently sold in a closed transaction. The property, a free-standing building, spans 12,149 square feet. The asking price for the property was $3,100,000, and it was ultimately sold for $2,675,000, resulting in a price per square foot of $220.18.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,675,000
  • Address: 205 Marcus Boulevard, Mineola, Hauppauge
  • Market: Mineola, Hauppauge
  • Square Footage: 12,149
  • Price per Square Foot: $220.18
  • Units: 1 - Free Standing Building

The seller of the property was ABM Real Estate LLC, represented by Bonnie Hemrajani. The buyer, ULC Robotics Inc., was represented by Gregory Penza. The brokers involved in the transaction were Gurpreet Singh and Joseph Sorbara.

Players

Joseph Sorbara

Broker

$11.4M

vol

3 deals

Broker
ACC Space
ACC SpaceBrokerage

Hauppauge 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

5.93%

Cash-on-Cash

-1.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93