Mark Goode And Roy Splansky Acquire Industrial Property From Ivy Enterprises For $16M In Port Washington
3 Seaview Boulevard
$16,000,000
$193/SF
Building Size
82,619 SF
Asset Type
Industrial
Closing
Nov 22, 2024
AI
A sale transaction took place involving an industrial property located at 3 Seaview Boulevard in Port Washington. The property encompasses 82,619 square feet and was sold for $16 million, resulting in a price per square foot of $194.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16,000,000
- Address: 3 Seaview Boulevard
- Market: Port Washington
- Square Footage: 82,619
- Price Per Square Foot: $194
- Buyer: Mark Goode & Roy Splansky - Venture One Real Estate
- Seller: Ivy Enterprises
- Brokers: Gary Schacker & Ray Finkelstein - United Realty
The transaction involved Mark Goode and Roy Splansky representing Venture One Real Estate, which has expanded its portfolio on Long Island with this acquisition. Ivy Enterprises acted as the seller in this deal, and the brokerage services were provided by Gary Schacker and Ray Finkelstein from United Realty.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93