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44 Ramsey Road, Shirley, Su...

BEB Capital Acquires Industrial Property On Ramsey Road In Shirley, NY For $9.25M
SOLDIndustrial

BEB Capital Acquires Industrial Property On Ramsey Road In Shirley, NY For $9.25M

44 Ramsey Road, Shirley, Suffolk County, NY, USA

$9,250,000

$149/SF

Building Size

62,000 SF

Asset Type

Industrial

Closing

Oct 22, 2021

AI

An industrial property located at 44 Ramsey Road, Shirley, NY in Suffolk County was recently sold in a closed transaction. The property spans across 62,000 square feet and is classified as an industrial asset. The sale took place on October 22, 2021, with a sale price of $9,250,000, resulting in a price per square foot of $149. The seller of the property was Ira Warren.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,250,000

The buyer of the property was BEB Capital, represented by Keyvan Ghaytanchi, Lee Brodsky, and Ben Fischer. On the seller's side, Ira Warren facilitated the transaction. The deal was facilitated by Jordan Baruch, Matthew Kucker, Jason Maietta, Tommy Rosatti, and Brandon Lichtenstein from Colliers International.

Players

Matthew Kucker

Colliers

Broker

$35M

vol

7 deals

Broker
Keyvan Ghaytanchi

Keyvan Ghaytanchi

BEB Capital

Buyer

$181.6M

vol

20 deals

Buyer
BEB Capital
BEB Capital Lender

Shirley 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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93