Updated Sep 5, 2024
Amardeep Singh Acquires Industrial Property In Long Island For $7.15M
229 Broad Hollow Road
$7,150,000
$216/SF
Building Size
33,000 SF
Asset Type
Industrial
Closing
Jul 21, 2022
About this deal
AI
The industrial property located at 229 Broadhollow Rd. in Long Island has been sold for a price of $7,150,000. Spanning across 33,000 square feet, the property was purchased by Amardeep Singh. The transaction was facilitated by Raj Whadwa of Global Realty Services, who represented both the buyer and the seller, Harish Kumar.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,150,000
- Property Address: 229 Broadhollow Rd., Long Island
This acquisition marks a significant investment for Amardeep Singh. The industrial property, with its ample space of 33,000 square feet, offers great potential for future business operations. The property is situated in a desirable location in Long Island's market, providing convenient access for various industrial activities.
Melville 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
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93