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250 Ny-109, Farmingdale, NY...

Calvert Family Daniel Street, LLC Acquires Property In Farmingdale For $1.83M
SOLDIndustrial

Calvert Family Daniel Street, LLC Acquires Property In Farmingdale For $1.83M

250 Ny-109, Farmingdale, NY, 11735

$1,830,000

$214/SF

Building Size

8,540 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

The property involved in this transaction is located at 250 Ny-109, Farmingdale, NY, 11735. The sale price for the property is $1,830,000.00, and it has a total square footage of 8,540. The market for this asset is Farmingdale.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $1,830,000.00
  • Address: 250 Ny-109, Farmingdale, NY, 11735
  • Market: Farmingdale
  • Buyer: Calvert Family Daniel Street, LLC
  • Buyer’s Representative: Richard Cohen

This transaction features Richard Cohen representing the buyer, Calvert Family Daniel Street, LLC. The deal highlights the involvement of a broker in facilitating the purchase, ensuring that the transaction progresses smoothly.

Players

Richard Cohen

Broker

$63.9M

vol

7 deals

Broker

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

8.67%

Cash-on-Cash

-2.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93