ARDG Capital Acquires Industrial Property In Ronkonkoma For $3.55M
SOLD
$3,550,000
+ 1
New York
See Similar DealsIndustrial21,168 SF
Sold 03/21/2022
SOLD
ARDG Capital Acquires Industrial Property In Ronkonkoma For $3.55M
2200 Smithtown Avenue, Ronkonkoma, New York 11779, United States
See Similar DealsIndustrial21,168 SF
Sold 03/21/2022
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$167
Total Square Footage:21,168 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$189,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,612.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,828.81
Annual Debt Service$201,945.73
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