Updated Oct 29, 2024
Thor Equities Acquires Industrial Property In Deer Park For $35M
377 Carlls Path Deer Park, NY 11729, USA
$35,000,000
$185/SF
Building Size
189,000 SF
Asset Type
Industrial
Closing
Jan 13, 2023
About this deal
AI
The industrial property located at 377 Carlls Path in Deer Park has been sold in a closed transaction. The property spans approximately 189,500 square feet and was sold for a total price of $35,000,000, resulting in a price per square foot of $185.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $35,000,000
- Address: 377 Carlls Path, Deer Park
- Market: Deer Park
The buyer in this transaction was Thor Equities, while the seller was the New York Eastern District Bankruptcy Court, with the property being sold via bankruptcy auction. The deal was facilitated by brokers Adam Spies, Adam Doneger, Daniel O'Brien, and Gary Gabriel from Cushman & Wakefield.
Players
New York 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93