Daniel J. Moore Acquires Industrial Property In Bay Shore For $32M
55 Paradise Ln, Bay Shore, NY, USA
$32,000,000
$178/SF
Building Size
179,775 SF
Asset Type
Industrial
Closing
May 31, 2021
AI
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.
Players
Bay Shore 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93