Gong Cha Acquires Industrial Property In Long Island For $6.3M From Seller Steve Goldberg
25 Power Drive, Hauppauge, New York 11788, United States
$6,300,000
$31,500/SF
Building Size
200 SF
Asset Type
Industrial
Closing
May 1, 2022
AI
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.
Players
Hauppauge 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93