Matt Lee Acquires Industrial Property On Jersey Street In West Babylon For $5M With Luciano Oliverio As Buyer's Rep
47 Jersey Street
$5,000,000
$204/SF
Building Size
24,500 SF
Asset Type
Industrial
Closing
Jul 15, 2025
AI
The property involved in this transaction is an industrial asset located at 47 Jersey Street in West Babylon. The sale was completed for a price of $5,000,000, encompassing a total area of 24,500 square feet, resulting in a price per square foot of $204.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Address: 47 Jersey Street
- Market: West Babylon
- Square Footage: 24,500
- Price Per Square Foot: $204
- Buyer: Matt Lee
- Seller: Jacoff Rlty
- Buyer's Representative: Luciano Oliverio - Summit Commercial Real Estate Corp
This transaction involved Matt Lee as the buyer acquiring the property from seller Jacoff Rlty. Luciano Oliverio represented the buyer in this deal, working through Summit Commercial Real Estate Corp to facilitate the transaction.
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