Updated Mar 9, 2026
Northbridge Partners Acquires Industrial Property In Western Suffolk County For $6.9M
280 Skip Lane, Bay Shore, NY 11706, USA
$6,900,000
$431/SF
Building Size
16,000 SF
Asset Type
Industrial
Closing
Jun 3, 2020
About this deal
AI
An industrial property located at 280 Skip Lane in Western Suffolk County was recently sold for $6,900,000. The property spans 16,000 square feet, resulting in a price per square foot of $431. The transaction took place on 06/03/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,900,000
- Address: 280 Skip Lane
- Market: Western Suffolk County
- Buyer: Northbridge Partners - George Gregory
The sale of this industrial property was facilitated by brokers Thomas DeLuca, Frank Frizalone, and Nicholas Gallipoli from CushWake.
Players
Bay Shore 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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93