Updated Dec 4, 2024
Jack Shulman Rob Logan Martin Segal Acquire Industrial Property In Ardsley For $19M
425 Saw Mill River Road
$19,000,000
$319/SF
Building Size
59,500 SF
Asset Type
Industrial
Closing
Nov 22, 2024
About this deal
AI
The asset involved in this transaction is an industrial property located at 425 Saw Mill River Road in the Ardsley market. The sale price of the property was $19,000,000, with a total square footage of 59,500, resulting in a price per square foot of $319.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19,000,000
- Address: 425 Saw Mill River Road
- Market: Ardsley
- Square Footage: 59,500
- Price Per Square Foot: $319
- Buyer: Jack Shulman, Rob Logan & Martin Segal
- Seller: Fareri Associates
- Brokers: Kevin Langtry & William Anson - RM Friedland
The buyers, Jack Shulman, Rob Logan, and Martin Segal, are part of B&D Holdings, which is actively seeking warehouse and IOS investments throughout the northeast and across the country. They encourage sending northeast investment opportunities to [email protected] and all other opportunities to [email protected].
On the Map
$19,000,000
$319/SF
Industrial
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Players
Ardsley 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93