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85 Bloomingdale Road

John Corr Acquires Industrial Property In Hicksville For $12.05M With Brokers Michael Gronenthal & John Abbate - Douglas Elliman
SOLDIndustrial

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

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.

Players

Michael Gronenthal

Douglas Elliman

Broker

$106.7M

vol

38 deals

Broker

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