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40 Allen Boulevard, Farming...

Adam Perciballi Acquires Industrial Property In Farmingdale For $2.4M
SOLDIndustrial

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

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.

Players

Gary J Chimeri

Broker

$140.2M

vol

12 deals

Broker

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