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

Property Image
SOLD
$1,350,000
John Abbate
Michael Gronenthal

New York

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Industrial6,000 SF
Sold 11/26/2024
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Property Image
SOLD

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

374 Neptune Avenue

See Similar Deals
Industrial6,000 SF
Sold 11/26/2024
John Abbate
Michael Gronenthal
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$225
Total Square Footage:6,000 SF
Transaction Type:Sale

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
Michael Gronenthal
38 deals$106.7M volume(516) 439-6789
BROKER
John Abbate
Douglas Elliman
John Abbate
5 deals$35.1M volume
BROKER

Details

SOLD
IMAGE: Michael Gronenthal, John Abbate DATE: 11/26/2024 ADDRESS: 374 Neptune Avenue MARKET: West Babylon ASSET TYPE: Industrial BUYER: Adam Miura SELLER: Jim Kilcullen BROKERS: Michael Gronenthal (@Michael.Gronenthal) & John Abbate (@JAbbate209) - Douglas Elliman (@DouglasElliman) (@DouglasEllimanComercialli) SALE PRICE: $1,350,000 SF: 6,000 ~ PPSF: $225

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$72,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26