Updated Oct 29, 2024
Poly Craft Industries Acquires Industrial Property In Middletown For $7.25M
36-60 Industrial Pl
$7,250,000
$48/SF
Building Size
150,000 SF
Asset Type
Industrial
Closing
Jan 11, 2023
About this deal
AI
Poly Craft Industries has acquired an industrial property in Middletown. Located at 36-60 Industrial Place, the property spans 150,000 square feet. The transaction, facilitated by Zisha Lax of Brooklandrealtyllc, was completed for a price of $7,250,000, resulting in a price per square foot of $48.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,250,000
- Address: 36-60 Industrial Place, Middletown
- Market: Middletown
- Buyer: Poly Craft Industries
- Seller: Yossi Daskal (@YossiDask), Yanky Daskal, Ari Daskal
- Broker: Zisha Lax - Brooklandrealtyllc
- Square Footage: 150,000
- Price per Square Foot: $48
The acquisition was made by Poly Craft Industries, with Zisha Lax of Brooklandrealtyllc representing the buyer. The sellers in the transaction were Yossi Daskal, Yanky Daskal, and Ari Daskal. This deal highlights the active industrial market in Middletown and the demand for properties in the area.
On the Map
$7,250,000
$48/SF
Industrial
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Players
Middletown 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
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93