47-49 Jersey St. LLC Acquires Industrial Property In West Babylon For $5 Million
47 49 Jersey Street
$5,000,000
$208/SF
Building Size
24,000 SF
Asset Type
Industrial
Closing
Jul 18, 2025
AI
A 24,000 sq. ft. industrial property located at 47-49 Jersey Street in West Babylon was sold for $5,000,000. The price per square foot for this transaction was $208.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Address: 47-49 Jersey Street
- Market: West Babylon
- Buyer: 47-49 Jersey St. LLC
- Seller: Jacoff Rlty Assoc. LLC
- Buyer's Representative: Luciano Oliverio
- Seller's Representative: David Hunt
- Square Footage: 24,000
- Price per Square Foot: $208
The buyer, 47-49 Jersey St. LLC, is affiliated with M&A Realty and plans to lease the acquired industrial property following the transaction. The deal involved negotiations represented by Luciano Oliverio for the buyer and David Hunt for the seller.
Players
West Babylon 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93