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321 Orinoco Drive

Updated Sep 5, 2024

Jeffrey Cichon Acquires 5,600 SF Industrial Property In Bay Shore For $1.9M
SOLDIndustrial

Jeffrey Cichon Acquires 5,600 SF Industrial Property In Bay Shore For $1.9M

321 Orinoco Drive

$1,900,000

$339/SF

Building Size

5,600 SF

Asset Type

Industrial

Closing

Mar 28, 2023

About this deal

AI

The sale of 321 Orinoco Drive, Bay Shore, NY has been successfully brokered by Cushman & Wakefield’s Team Abbondandolo. The transaction involved two industrial buildings totaling 5,600 square feet, situated on a single lot. The property was sold for $1,900,000, at a price of $339 per square foot. Notably, the asset comes with full approvals for an auto repair business, making it a turnkey opportunity for a buyer looking to expand their operations. Its strategic location near Brightwaters Village, the Long Island Railroad, and main roadways adds to its appeal.

Summary of Transaction Details:

  • Property Type: Industrial
  • Sale Price: $1,900,000
  • Square Footage: 5,600
  • Price per Square Foot: $339
  • Address: 321 Orinoco Drive, Bay Shore, NY
  • Market: Bay Shore
  • Buyer: Jeffrey Cichon
  • Seller: Henry Dardis
  • Brokers: Daniel Abbondandolo & Victor Little (Victor.R.Little) - Cushman & Wakefield

Cushman & Wakefield’s Team Abbondandolo facilitated the transaction and can provide additional information.

Players

Daniel Abbondandolo

Cushman & Wakefield

Broker

$520.1M

vol

86 deals

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $339 per square foot on a published $1.9M for 5,600 square feet (2023).

Visit Daniel Abbondandolo to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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