Updated Sep 5, 2024
John Corr Acquires Industrial Property In Hicksville For $12.05M With Brokers Michael Gronenthal & John Abbate - Douglas Elliman
85 Bloomingdale Road
$12,050,000
$179/SF
Building Size
67,000 SF
Asset Type
Industrial
Closing
Sep 21, 2023
About this deal
AI
An industrial property located at 85 Bloomingdale Road in Hicksville has been sold for a price of $12,050,000. The property spans across 67,000 square feet, translating to a price per square foot of $180. The transaction took place on September 21, 2023.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,050,000
- Address: 85 Bloomingdale Road, Hicksville
- Square Footage: 67,000
- Price per Square Foot: $180
John Corr has purchased the property from the Brody Family. The deal was facilitated by Michael Gronenthal and John Abbate from Douglas Elliman, who represented both the buyer and the seller as brokers in the transaction.
On the Map
$12,050,000
$179/SF
Industrial
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Players
Market 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93