Updated Dec 20, 2023
Dorf Associates Acquires Industrial Property In Medford, Long Island For $6M
28 Industrial Boulevard, Medford, NY, USA
$6,000,000
$81/SF
Building Size
74,058 SF
Asset Type
Industrial
Closing
Feb 18, 2021
About this deal
AI
The industrial property located at 27 & 28 Industrial Blvd. in Medford, Long Island was recently sold for a total price of $6,000,000. The property spans a total area of 74,058 square feet, resulting in a price per square foot of $81. The sale took place on February 19, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Address: 27 & 28 Industrial Blvd., Medford, Long Island
- Market: Medford, Long Island
The buyer of this industrial property is Dorf Associates, represented by Eric Dorf, Amy Dorf, and Jason Dorf along with Brent Mako Real Estate Group, represented by Will Kogel. The seller was not mentioned in the provided information. Brian McGuire from NAI Long Island acted as the broker in this transaction.
On the Map
$6,000,000
$81/SF
Industrial
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Players
Medford 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93