Daniel J. Moore Acquires Industrial Property In Bay Shore For $32M
SOLD
$32,000,000
+ 1
New York
See Similar DealsIndustrial179,775 SF
Sold
SOLD
Daniel J. Moore Acquires Industrial Property In Bay Shore For $32M
55 Paradise Ln, Bay Shore, NY, USA
See Similar DealsIndustrial179,775 SF
Sold
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$178
Total Square Footage:179775 SF
Transaction Type:Sale
Located at 55 Paradise Ln. in Bay Shore, this industrial property was recently sold in a closed transaction. The sale took place on June 1, 2021, with a sale price of $32,000,000. The property spans 179,775 square feet, resulting in a price per square foot of $178. The buyer in this transaction was Daniel J. Moore, while the seller was Steve Lieberman.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $32,000,000
- Address: 55 Paradise Ln., Bay Shore
- Square Footage: 179,775
- Price per Square Foot: $178
JLL represented both parties in this transaction. Marc Duval and Jordan Avanzato from JLL served as the brokers in the deal, ensuring a smooth process for both the buyer and the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,706,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$113,689.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,696.33
Annual Debt Service$1,820,355.91
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