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355-365 Wyandanch Avenue

Updated Oct 29, 2024

FJP Wyandanch Properties LLC Acquires Industrial Property In West Babylon For $3.5M
SOLDIndustrial

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.

Players

Octavius Amen

Broker

$3.5M

vol

1 deal

Broker

East Islip Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $175 per square foot on a published $3.5M for 20,000 square feet (2023).

Visit Maria Leber to view all their deals.

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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

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