Gong Cha Acquires Industrial Property In Long Island For $6.3M From Seller Steve Goldberg
SOLD
$6,300,000
New York
See Similar DealsIndustrial200 SF
Sold 05/02/2022
SOLD
Gong Cha Acquires Industrial Property In Long Island For $6.3M From Seller Steve Goldberg
25 Power Drive, Hauppauge, New York 11788, United States
See Similar DealsIndustrial200 SF
Sold 05/02/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$31,500
Total Square Footage:200 SF
Transaction Type:Sale
The industrial property located at 25 Power Dr. in Long Island has been sold for a total of $6,300,000. The property spans a total square footage of 200, with a price per square foot of $31,500. The transaction took place on 05/02/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,300,000
- Address: 25 Power Dr., Long Island
- Square Footage: 200
- Price Per Square Foot: $31,500
- Date: 05/02/2022
The buyer of the property is Gong Cha, while the seller is Steve Goldberg. Raj Whadwa of Global Realty Servicesrepresented both parties in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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