Dorf Associates And Brent Mako Real Estate Group Acquire Industrial Property In Amityville For $5.1M
601 Albany Avenue
$5,100,000
$129/SF
Building Size
39,400 SF
Asset Type
Industrial
Closing
Jul 2, 2024
AI
The property asset involved in the transaction is an industrial space located at 601 Albany Avenue in Amityville. The sale was executed for a total price of $5,100,000. The asset spans 39,400 square feet, resulting in a price per square foot of $129.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,100,000
- Square Footage: 39,400
- Price Per Square Foot: $129
- Buyer: Dorf Associates & Brent Mako Real Estate Group
- Date of Transaction: 07/02/2024
- Address: 601 Albany Avenue
- Market: Amityville
The key individuals involved in the transaction include Jason Dorf, Amy Dorf, Mabel Dorf, Ari Dorf, Becky Kogel, and Will Kogel. They were part of the buying entity, Dorf Associates, along with Brent Mako Real Estate Group, who also played a significant part in the deal.
Players
Amityville 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93