Updated Feb 11, 2026
Ken Silber Purchases Industrial Property At 94 Gazza Boulevard Farmingdale For $1.4875M
94 Gazza Boulevard
$1,487,500
$247/SF
Building Size
6,000 SF
Asset Type
Industrial
Closing
Jan 20, 2026
About this deal
AI
The property asset involved in the transaction is located at 94 Gazza Boulevard in Farmingdale. It encompasses an industrial space with a total square footage of 6,000. The sale price for this property was determined to be $1,487,500, which translates to a price per square foot of $247.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $1,487,500
- Address: 94 Gazza Boulevard
- Market: Farmingdale
- Square Footage: 6,000
- Price per Square Foot: $247
- Buyer: Ken Silber
- Seller: Robert Slater
- Seller's Representatives: Stephen R. Preuss Sr., Andreas Efthymiou & Jack Rovner - Ripco Real Estate
The key individuals involved in the transaction include Ken Silber, the buyer, and Robert Slater, the seller. The seller was represented by a team from Ripco Real Estate consisting of Stephen R. Preuss Sr., Andreas Efthymiou, and Jack Rovner, who facilitated the sale process.
On the Map
$1,487,500
$247/SF
Industrial
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Players
Farmingdale 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
10.66%
Cash-on-Cash
-3.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93