Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,350,000
$225/SF
Industrial
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Players
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