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45 Burch Avenue

Peconic Equities Sells Industrial Asset At 45 Burch Avenue Amityville For $3.5 Million
SOLDIndustrial

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

Michael Tuccillo

Marcus & Millichap

Broker

$589.5M

vol

28 deals

Broker

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