Updated May 12, 2025
Luke Petherbridge - Link Industrial Acquires Industrial Property In Hauppauge, NY For $20.5M
88 Parkway Court, Brooklyn, New York, USA
$20,500,000
$10,250/SF
Building Size
2,000 SF
Asset Type
Industrial
Closing
Jun 1, 2020
About this deal
AI
The property involved in this transaction is an industrial asset located at 88 Parkway in Hauppauge, NY. The sale price was $20,500,000, and the property encompasses 10 acres, with a price per acre of $2,050,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,500,000
- Buyer: Luke Petherbridge - Link Industrial
- Seller: Albert Macanian - Dunkirk Realty
- Brokers: Marc Duval & Jordan Avanzato @JordAvz7 - JLL
- Date of Transaction: 06/01/2021
This transaction included key representatives, with Marc Duval and Jordan Avanzato representing the seller in the deal as brokers from JLL. The buyer, Luke Petherbridge from Link Industrial, acquired the property from Albert Macanian of Dunkirk Realty.
On the Map
$20,500,000
$10,250/SF
Industrial
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Players
Brooklyn 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93