facebook
Traded Co logo
Submit

Venture One Acquires Industrial Property In Holtsville For $9.5M

Property Image
SOLD
$9,500,000
Jason Maietta
Brandon Lichtenstein
+ 1

New York

See Similar Deals
Industrial50,061 SF
Sold 06/03/2022
the dealplayerscompscontact
Property Image
SOLD

Venture One Acquires Industrial Property In Holtsville For $9.5M

889 Waverly Avenue, Holtsville, New York 11742, United States

See Similar Deals
Industrial50,061 SF
Sold 06/03/2022
Jason Maietta
Brandon Lichtenstein
+ 1
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$189
Total Square Footage:50,061 SF
Transaction Type:Sale

Located at 889 Waverly Ave in Holtsville, this industrial property was recently sold in a closed transaction. The sale was facilitated by brokers Tommy Rosati, Jason Maietta, and Brandon Lichtenstein from Colliers International. The property spans 50,061 square feet and was sold for $9,500,000, resulting in a price per square foot of $189.

Summary of transaction details:

  • Property Type: Industrial
  • Sale Price: $9,500,000
  • Square Footage: 50,061
  • Price per Square Foot: $189
  • Date: 06/03/2022
  • Address: 889 Waverly Ave
  • Market: Holtsville

Venture One, represented by Brian McDonagh, acted as the buyer in this transaction, while Jeff Ehrlich served as the seller. The sale marks a significant deal in the Holtsville market, demonstrating the strength of the local industrial sector.

Players

Jason Maietta
7 deals$118.3M volume
BROKER

Tommy Rosati
Colliers
7 deals$118.3M volume(516) 284-3457
BROKER

Brandon Lichtenstein
Colliers
6 deals$98.3M volume
BROKER

Details

SOLD
IMAGE: Tommy Rosati, Brandon Lichtenstein & Jason Maietta DATE: 06/03/2022 ADDRESS: 889 Waverly Ave. MARKET: Holtsville ASSET TYPE: Industrial BUYER: Venture One (@VentureOne) - Brian McDonagh SELLER: Jeff Ehrlich BROKERS: Tommy Rosati (@TommyVRosati), Jason Maietta (@Jaymyay) & Brandon Lichtenstein (@BrandonLichtenstein) - Colliers International (@ColliersInternational) SALE PRICE: $9,500,000 SF: 50,061 ~ PPSF: $189

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$506,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16