facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

25 Power Drive, Hauppauge, ...

Gong Cha Acquires Industrial Property In Long Island For $6.3M From Seller Steve Goldberg
SOLDIndustrial

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

Raj Whadwa

Global Realty Services

Broker

$129.4M

vol

22 deals

Broker
Newmark
NewmarkBrokerage

Hauppauge Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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