Updated Sep 30, 2025
Brookfield Properties Acquires Industrial Property In Farmingdale, NY From Mark Seigerman
303 Smith St, Farmingdale, NY, USA
$13,750,000
$143/SF
Building Size
96,000 SF
Asset Type
Industrial
Closing
May 31, 2021
About this deal
AI
The industrial property located at 303 Smith St in Farmingdale, NY was sold on 06/01/2021. The property spans 96,000 square feet and was sold at a price of $13,750,000, resulting in a price per square foot of $143. The sale was facilitated by brokers Marc Duval and Jordan Avanzato from JLL.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,750,000
- Square Footage: 96,000
- Address: 303 Smith St, Farmingdale, NY
- Market: Farmingdale, NY
Brookfield Properties acquired the property from seller Mark Seigerman. Marc Duval and Jordan Avanzato from JLL served as the brokers representing the parties involved in the transaction.
Players
Farmingdale 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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93