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2200 Smithtown Avenue, Ronk...

ARDG Capital Acquires Industrial Property In Ronkonkoma For $3.55M
SOLDIndustrial

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

Jason Maietta

Colliers

Broker

$118.3M

vol

7 deals

Broker

Samuel Baratz

Buyer

$11.2M

vol

2 deals

Buyer

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