Updated Sep 9, 2024
Frank Ferazzoli Acquires Industrial Property In Port Washington For $1.1M
28-30 Sintsink Drive East, Port Washington, NY, USA
$1,100,000
$261/SF
Building Size
4,200 SF
Asset Type
Industrial
Closing
Jul 2, 2020
About this deal
AI
The industrial property located at 28-30 Sintsink Drive East in Port Washington has been sold for a price of $1,100,000. The property spans a total area of 4,200 square feet, resulting in a price per square foot of $261. The transaction took place on July 2, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,100,000
- Address: 28-30 Sintsink Drive East, Port Washington
- Market: Port Washington
Frank Ferazzoli has purchased the property from Peter Roestenberg. The deal was facilitated by Jared Friedman from ERG Commercial Real Estate.
Players
Port Washington 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93