facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Industrial

/

Sale

/

55 Paradise Ln, Bay Shore, ...

Daniel J. Moore Acquires Industrial Property In Bay Shore For $32M
SOLDIndustrial

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

Jordan Avanzato

NAI James E. Hanson

Broker

$2.5B

vol

52 deals

Broker
Daniel J. Moore

Daniel J. Moore

Rockefeller Group

Buyer

$491M

vol

9 deals

Buyer
Steve Lieberman

Steve Lieberman

Seller

$66.3M

vol

3 deals

Seller

Bay Shore Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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