ULC Robotics Inc. Acquires Industrial Property In Mineola, Hauppauge For $2.675M
SOLD
$2,675,000
New York
See Similar DealsIndustrial121,490 SF
Sold
SOLD
ULC Robotics Inc. Acquires Industrial Property In Mineola, Hauppauge For $2.675M
205 Marcus Blvd, Hauppauge, NY 11788, USA
See Similar DealsIndustrial121,490 SF
Sold
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$22
Total Square Footage:121490 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$142,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,503.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,680.86
Annual Debt Service$152,170.38
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