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47 Jersey Street

Matt Lee Acquires Industrial Property On Jersey Street In West Babylon For $5M With Luciano Oliverio As Buyer's Rep
SOLDIndustrial

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

Luciano Oliverio

Broker

$84.7M

vol

8 deals

Broker

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