Peconic Equities Sells Industrial Asset At 45 Burch Avenue Amityville For $3.5 Million
45 Burch Avenue
$3,500,000
$165/SF
Building Size
21,100 SF
Asset Type
Industrial
Closing
Nov 12, 2024
AI
The property asset involved in this transaction is an industrial facility located at 45 Burch Avenue in Amityville, New York. The sale price for this asset was $3,500,000, and it encompasses a total area of 21,100 square feet, resulting in a price per square foot of $165.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,500,000
- Square Footage: 21,100
- Price Per Square Foot: $165
- Seller: Peconic Equities
- Seller's Representatives: Corey Gluckstal & Andrew Zambratto
- Brokers: Michael Tuccillo & Nicholas Tuccillo - Marcus & Millichap
- Transaction Date: 11/12/2024
The deal was facilitated by brokers Michael Tuccillo and Nicholas Tuccillo from Marcus & Millichap, who represented Peconic Equities in the disposition of the property at 45 Burch Avenue. For additional investment opportunities across Long Island, potential investors can contact Michael and Nicholas Tuccillo.
Players
Amityville 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93