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
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