Updated Oct 28, 2024
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
About this deal
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.
On the Map
$6,300,000
$31,500/SF
Industrial
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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