Updated Oct 29, 2024
FJP Wyandanch Properties LLC Acquires Industrial Property In West Babylon For $3.5M
355-365 Wyandanch Avenue
$3,500,000
$175/SF
Building Size
20,000 SF
Asset Type
Industrial
Closing
May 2, 2023
About this deal
AI
An industrial property located at 355-365 Wyandanch Avenue in West Babylon has been sold for $3.5 million. The buyer, FJP Wyandanch Properties LLC, is affiliated with a sheet metal contracting firm. The property sits on 1 acre of land and features four loading docks and five drive-in doors. The sale was represented by Octavius Amen of American Real Estate Associates.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $3,500,000
- Size: 20,000 square feet
- Price per Square Foot: $175
- Address: 355-365 Wyandanch Avenue, West Babylon
- Market: West Babylon
Maria Leber of Douglas Elliman Commercial represented the seller, E. Leber LLC, in this all-cash sales transaction. The property attracted attention due to its desirable features, including the loading docks and drive-in doors. The transaction took place on May 2, 2023.
Note: The sale of this industrial property in Babylon highlights the ongoing demand for such assets in the area. FJP Wyandanch Properties LLC secured the property and is set to benefit from its strategic location and functional layout.
East Islip 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93