Updated Dec 4, 2024
Metropolitan Realty Associates Acquires Cold Storage Facility In Bayport For $12.6M
33 Rajon Road
$12,600,000
$168/SF
Building Size
75,000 SF
Asset Type
Industrial
Closing
Feb 21, 2024
About this deal
AI
A 75,000 sqft cold storage facility located at 33 Rajon Road in Bayport, Long Island, was sold for $12.6 million. The property was originally occupied by Europastry.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,600,000
- Address: 33 Rajon Road
- Market: Bayport
- Square Footage: 75,000
- Price per Square Foot: $168
The sale was facilitated by Nicholas Gallipoli of Cushman & Wakefield representing the seller, while the buyer, Metropolitan Realty Associates, was represented by Doug Omstrom from JLL.
The industrial sale at 33 Rajon Road in Bayport, New York sold for $12.6M in 2024. The building is 75,000 square feet, implying about 168 per square foot on the published price. Doug Omstrom, Nicholas (Nick) Gallipoli, Cushman & Wakefield, JLL appear on the sale alongside Cushman & Wakefield, JLL. This page is the Bayport, New York file for the 33 Rajon Road industrial sold: pricing, party profiles, and other closed industrial comps from the same Bayport sit in the Market section below. Filter that Bayport industrial set by closing date to see what else sold near 33 Rajon Road around 2024. Published consideration for 33 Rajon Road is $12.6M, dated 2024. Cite this Metropolitan Realty Associates Acquires Cold Storage Facility In Bayport For $12.6M sale when underwriting similar industrial product around Bayport, New York.
Players
Bayport 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
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93