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65 Mahan Street, West Babyl...

Bobby Singh Acquires Industrial Property In Long Island For $2.95M
SOLDIndustrial

Bobby Singh Acquires Industrial Property In Long Island For $2.95M

65 Mahan Street, West Babylon, New York 11704, United States

$2,950,000

$184/SF

Building Size

16,000 SF

Asset Type

Industrial

Closing

Mar 14, 2022

AI

The industrial property located at 65 Mahan St. in Long Island has been sold for $2,950,000. The property spans 16,000 square feet, resulting in a price per square foot of $184. The transaction took place on March 15, 2022. The buyer, Bobby Singh, acquired the property from the seller, Kelly Noviello. The deal was facilitated by Raj Whadwa and Mario from Global Realty Services.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,950,000
  • Address: 65 Mahan St., Long Island
  • Market: Long Island
  • Buyer: Bobby Singh
  • Seller: Kelly Noviello
  • Brokers: Raj Whadwa & Mario - Global Realty Services
  • Square Footage: 16,000
  • Price Per Square Foot: $184

Raj Whadwa and Mario from Global Realty Services played a key role in the transaction, representing both the buyer and the seller. They provided their expertise and facilitated the deal between Bobby Singh and Kelly Noviello, ensuring a successful transaction for both parties involved.

Players

Raj Whadwa

Global Realty Services

Broker

$129.4M

vol

22 deals

Broker
Newmark
NewmarkBrokerage

Bobby Singh

Buyer

$8.2M

vol

2 deals

Buyer

West Babylon 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

5.38%

Cash-on-Cash

-1.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93