Matt Lee Acquires Industrial Property On Jersey Street In West Babylon For $5M With Luciano Oliverio As Buyer's Rep
SOLD
$5,000,000
New York
See Similar DealsIndustrial24,500 SF
Sold 07/16/2025
SOLD
Matt Lee Acquires Industrial Property On Jersey Street In West Babylon For $5M With Luciano Oliverio As Buyer's Rep
47 Jersey Street
See Similar DealsIndustrial24,500 SF
Sold 07/16/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$204
Total Square Footage:24,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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