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374 Neptune Avenue

Adam Miura Acquires Industrial Property In West Babylon From Jim Kilcullen For $1.35M
SOLDIndustrial

Adam Miura Acquires Industrial Property In West Babylon From Jim Kilcullen For $1.35M

374 Neptune Avenue

$1,350,000

$225/SF

Building Size

6,000 SF

Asset Type

Industrial

Closing

Nov 26, 2024

AI

The property involved in this transaction is located at 374 Neptune Avenue in West Babylon, an industrial asset. The sale price was $1,350,000, encompassing a total square footage of 6,000, which results in a price per square foot of $225.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,350,000
  • Address: 374 Neptune Avenue
  • Market: West Babylon
  • Square Footage: 6,000
  • Price Per Square Foot: $225
  • Buyer: Adam Miura
  • Seller: Jim Kilcullen
  • Broker Representatives: Michael Gronenthal & John Abbate - Douglas Elliman

This transaction featured Adam Miura as the buyer and Jim Kilcullen as the seller. Michael Gronenthal and John Abbate from Douglas Elliman represented the transaction, facilitating the deal between both parties.

Players

Michael Gronenthal

Douglas Elliman

Broker

$106.7M

vol

38 deals

Broker

West Babylon 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93