Updated Oct 29, 2024
Lincoln Equities Group Sells Industrial Property In Hicksville For $74.5M
344 Duffy Avenue, Hicksville, NY, USA
$74,500,000
$380/SF
Building Size
195,600 SF
Asset Type
Industrial
Closing
Jan 3, 2020
About this deal
AI
An industrial property located at 344 Duffy Ave in Hicksville has been sold for $74,500,000. The property spans approximately 195,600 square feet, resulting in a price per square foot of $380. The sale was facilitated by the Lincoln Equities Group.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $74,500,000
- Address: 344 Duffy Ave
- Market: Hicksville
The sale of the industrial property at 344 Duffy Ave was brokered by Jose Cruz, Marc Duval, Jordan Avanzato, Tyler Peck, Rob Kossar, Leslie Lanne, and Tom DiMicelli from JLL Capital Markets.
On the Map
$74,500,000
$380/SF
Industrial
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Players
Hicksville 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93