Updated Dec 20, 2023
Allison Heaney Acquires Industrial/Warehouse Property In Elmont, Nassau County For $1M
481 Meacham Avenue, Elmont, NY 11003, USA
$1,000,000
$206/SF
Building Size
4,840 SF
Asset Type
Industrial
Closing
Jan 28, 2019
About this deal
AI
A vacant industrial warehouse located at 481 Meacham Ave in Elmont, Nassau County has been sold for $1M. The property spans 4,840 square feet with a price per square foot of $207.
Summary of transaction details
- Property Type: Industrial / Warehouse
- Transaction Amount: $1M
- Square Footage: 4,840
- Price per Square Foot: $207
- Address: 481 Meacham Ave, Elmont, Nassau County
- Market: Elmont, Nassau County
The buyer of the property is Allison Heaney, while the seller is Edward Palone. The transaction was facilitated by brokers Stephen R. Preuss and Kevin Schmitz from Team Preuss at CushWake.
Players
Elmont 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93