Updated Dec 21, 2023
Scott Horowitz Acquires Industrial Property In Suffolk County For $16.25M
700 Furrows Rd, Holtsville, Suffolk County, NY, USA
$16,250,000
$130/SF
Building Size
125,000 SF
Asset Type
Industrial
Closing
Dec 27, 2020
About this deal
AI
The industrial property located at 700 Furrows Rd in Suffolk County, Long Island was recently sold for $16,250,000. The transaction took place on December 28, 2020. The property spans a total area of 125,000 square feet, resulting in a price per square foot of $130. Mark Pawlitschek captured an image of the property.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,250,000
- Date: 12/28/2020
- Address: 700 Furrows Rd
- Market: Suffolk County, Long Island
- Buyer: Scott Horowitz
- Seller: John King
- Broker: Mark Pawlitschek @BayPortPhantom - NAI Long Island
- Square Footage: 125,000
- Price Per Square Foot: $130
The transaction involved Scott Horowitz as the buyer and John King as the seller. Mark Pawlitschek, representing NAI Long Island as the broker, facilitated the deal.
Players
Holtsville 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93