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Jack Shulman Rob Logan Martin Segal Acquire Industrial Property In Ardsley For $19M

Property Image
SOLD
$19,000,000
William "Bill" Anson
Kevin Langtry

New York

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Industrial59,500 SF
Sold 11/22/2024
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SOLD

Jack Shulman Rob Logan Martin Segal Acquire Industrial Property In Ardsley For $19M

425 Saw Mill River Road

See Similar Deals
Industrial59,500 SF
Sold 11/22/2024
William "Bill" Anson
Kevin Langtry
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$319
Total Square Footage:59,500 SF
Transaction Type:Sale

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].

Players

William "Bill" Anson
RM Friedland
William Anson
3 deals$47M volume
BROKER
Kevin Langtry
RM Friedland
Kevin Langtry
1 deal$19M volume(914) 861-4087
BROKER

Details

SOLD
IMAGE: Jack Shulman, Rob Logan, Martin Segal, Kevin Langtry & William "Bill" Anson DATE: 11/22/2024 ADDRESS: 425 Saw Mill River Road MARKET: Ardsley ASSET TYPE: Industrial BUYER: Jack Shulman, Rob Logan & Martin Segal SELLER: Fareri Associates BROKERS: Kevin Langtry & William Anson - RM Friedland (@RMFriedland) SALE PRICE: $19,000,000 SF: 59,500 ~ PPSF: $319 NOTE FROM BUYER: B&D Holdings is actively looking for warehouse and IOS investments in the northeast and around the country. Please send northeast investment opportunities to [email protected] and all other opportunities to [email protected]

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

$1,013,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32