Updated Dec 20, 2023
Adam Perciballi Acquires Industrial Property In Farmingdale For $2.4M
40 Allen Boulevard, Farmingdale, NY 11735, USA
$2,400,000
$160/SF
Building Size
15,000 SF
Asset Type
Industrial
Closing
Apr 14, 2019
About this deal
AI
The industrial property located at 40 Allen Blvd in Farmingdale has been sold. The property spans 15,000 square feet and was sold for a total price of $2,400,000, resulting in a price per square foot of $160. The transaction took place on April 15, 2019.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,400,000
- Square Footage: 15,000
- Price per Square Foot: $160
- Address: 40 Allen Blvd, Farmingdale
- Market: Farmingdale
The seller of the property was Jeff Richlin, while the buyer was Adam Perciballi. The transaction was facilitated by brokers Michael Freedberg and Gary J Chimeri.
On the Map
$2,400,000
$160/SF
Industrial
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Players
Farmingdale 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93