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Mark Goode And Roy Splansky Acquire Industrial Property From Ivy Enterprises For $16M In Port Washington

Property Image
SOLD
$16,000,000
Gary Schacker
Ray Finkelstein

New York

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Industrial82,619 SF
Sold 11/22/2024
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SOLD

Mark Goode And Roy Splansky Acquire Industrial Property From Ivy Enterprises For $16M In Port Washington

3 Seaview Boulevard

See Similar Deals
Industrial82,619 SF
Sold 11/22/2024
Gary Schacker
Ray Finkelstein
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$193
Total Square Footage:82,619 SF
Transaction Type:Sale

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

Gary Schacker
United Realty
Gary Schacker
1 deal$16M volume(516) 297-9707
BROKER
Ray Finkelstein
United Realty
Ray Finkelstein
2 deals$16M volume(631) 421-1000
BROKER

Details

SOLD
IMAGE: Gary Schacker, Mark Goode, Roy Splansky & Ray Finkelstein DATE: 11/22/2024 ADDRESS: 3 Seaview Boulevard MARKET: Port Washington ASSET TYPE: Industrial BUYER: Mark Goode & Roy Splansky - Venture One Real Estate SELLER: Ivy Enterprises BROKERS: Gary Schacker & Ray Finkelstein - United Realty SALE PRICE: $16,000,000 SF: 82,619 ~ PPSF: $194 NOTE: Venture One Real Estate acquired an 82,619-square-foot industrial property in Port Washington, NY, for $16 million, expanding its Long Island portfolio.

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

$853,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
Annual Debt Service$910,177.95