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
Hauppauge 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
5.93%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93