ARDG Capital Acquires Industrial Property In Ronkonkoma For $3.55M
2200 Smithtown Avenue, Ronkonkoma, New York 11779, United States
$3,550,000
$167/SF
Building Size
21,168 SF
Asset Type
Industrial
Closing
Mar 20, 2022
AI
An industrial property located at 2200 Smithtown Ave. in Ronkonkoma has been sold for $3,550,000. The property spans 21,168 square feet, resulting in a price per square foot of $167. The transaction took place on 03/21/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,550,000
- Address: 2200 Smithtown Ave., Ronkonkoma
- Market: Ronkonkoma
The buyer of the property is ARDG Capital, represented by Samuel Baratz and Ari Baratz. The seller is Paul Sheiffel. Colliers International brokers, Tommy Rosati, Jason Maietta, and Brandon Lichtenstein, facilitated the deal.
Players
Ronkonkoma 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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93