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601 Albany Avenue

Dorf Associates And Brent Mako Real Estate Group Acquire Industrial Property In Amityville For $5.1M
SOLDIndustrial

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

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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