Updated Sep 11, 2026
Amardeep Singh Acquires Industrial Property In Holtsville For $11.15M
905 Waverly Ave Holtsville, NY 11742, USA
$11,150,000
$223/SF
Building Size
50,000 SF
Asset Type
Industrial
Closing
May 31, 2023
About this deal
AI
A sale transaction closed in Holtsville, involving an industrial property located at 905 Waverly Avenue. The property spans 50,000 square feet, with a sale price of $11,150,000, equating to a price per square foot of $223. The buyer in this transaction was Amardeep Singh, while the seller was William Weiss. Paramount Properties Group represented both parties in the deal, with Gary J Chimeri and Luciano Oliverio serving as brokers.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,150,000
Paramount Properties Group, represented by brokers Gary J Chimeri and Luciano Oliverio, facilitated the successful sale of the industrial property on Waverly Avenue. Chimeri mentioned that their approach involved offering the land and building as a combo, while also providing the option for the land to be sold separately for development purposes. This strategy expanded the buyer pool and contributed to the transaction's success.
On the Map
$11,150,000
$223/SF
Industrial
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Players
New York 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
1.42%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93