Updated Jul 16, 2026
229 Broadhollow LLC Acquires Industrial Property In Farmingdale For $7.725M With Tripoint Real Estate
229 Broadhollow Road
$7,725,000
$189/SF
Building Size
40,717 SF
Asset Type
Industrial
Closing
Jul 14, 2026
About this deal
AI
An industrial property located at 229 Broadhollow Road in Farmingdale has been sold for $7.725 million. The asset spans 40,717 square feet and sits on 2.2 acres. This transaction reflects a price per square foot of $190 and an approximate cap rate of 7%.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,725,000
- Address: 229 Broadhollow Road
- Market: Farmingdale
- Square Footage: 40,717
- Price per Square Foot: $190
- Acres: 2.2
- Buyer: 229 Broadhollow LLC
- Seller: 229 Broadhollow Realty LLC
- Brokers: Christopher Cardenas, Jordan Cardenas & Jon Cardenas - Tripoint Real Estate
The transaction involved a commercial real estate investment family office as the buyer, indicating strategic interests in industrial assets within the Farmingdale market. The brokerage team from Tripoint Real Estate facilitated the deal, representing the interests of both the buyer and seller throughout the transaction process.
Players
Farmingdale 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
2.05%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93