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
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