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B&D Holdings Purchases Industrial Property In Hillburn From Don Brennan For $10.35M

Property Image
SOLD
$10,350,000
Nick Stefans
Marc Duval
+ 4

New York

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Industrial30,000 SF
Sold 04/04/2025
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Property Image
SOLD

B&D Holdings Purchases Industrial Property In Hillburn From Don Brennan For $10.35M

260 Old Route 17

See Similar Deals
Industrial30,000 SF
Sold 04/04/2025
Nick Stefans
Marc Duval
+ 4
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$345
Total Square Footage:30,000 SF
Transaction Type:Sale

The property asset involved in this transaction is an industrial facility located at 260 Old Route 17 in Hillburn. The sale price for the property was $10,350,000, with a total area of 30,000 square feet, resulting in a price per square foot of $345.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10,350,000
  • Address: 260 Old Route 17
  • Market: Hillburn
  • Square Footage: 30,000
  • Price per Square Foot: $345
  • Buyer: Martin Segal, Rob Logan & Jack Shulman - B&D Holdings
  • Seller: Don Brennan
  • Brokerage Representatives: Nick Stefans, Jordan Avanzato, Marc Duval & Jason Lundy - JLL

Key individuals in this transaction include the buyers Martin Segal, Rob Logan, and Jack Shulman, representing B&D Holdings, which has an interest in acquiring IOS and shallow bay industrial properties. The brokerage team involved consisted of Nick Stefans, Jordan Avanzato, Marc Duval, and Jason Lundy from JLL.

Players

Jordan Avanzato
52 deals$2.5B volume(214) 500-5627
BROKER

Marc Duval
JLL
47 deals$2.4B volume
BROKER

Nick Stefans
JLL
31 deals$1.6B volume
BROKER

Jason Lundy
JLL
23 deals$1.3B volume
BROKER

Jack Shulman
B&D Holdings
12 deals$199.2M volume
BUYER

Martin Segal
B&D Holdings
14 deals$154.7M volume
BUYER

Details

SOLD
IMAGE: Nick Stefans, Jordan Avanzato, Martin Segal, Rob Logan, Jack Shulman, Marc Duval & Jason Lundy DATE: 04/04/2025 ADDRESS: 260 Old Route 17 MARKET: Hillburn ASSET TYPE: Industrial BUYER: Martin Segal (@Martin_J_Segal), Rob Logan & Jack Shulman - B&D Holdings SELLER: Don Brennan BROKERS: Nick Stefans, Jordan Avanzato (@JordAvz7), Marc Duval (@MarcDuval241) & Jason Lundy - JLL (@JLL) SALE PRICE: $10,350,000 SF: 30,000 ~ PPSF: $345 NOTE FROM BUYER: B&D Holdings is pleased to announce the acquisition of a high-quality transit focused IOS site in Hillburn, New York. B&D is focused on purchasing IOS and shallow bay industrial properties. Please send acquisition opportunities to [email protected].

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$552,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,771.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,064.28
Annual Debt Service$588,771.36