Churong Liu Buys Industrial Property From Metpar Corp In Westbury For $9.6M
SOLD
$9,600,000
New York
See Similar DealsIndustrial62,265 SF
Sold 05/24/2024
SOLD
Churong Liu Buys Industrial Property From Metpar Corp In Westbury For $9.6M
95 State Street
See Similar DealsIndustrial62,265 SF
Sold 05/24/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$154
Total Square Footage:62,265 SF
Transaction Type:Sale
Located at 95 State Street in Westbury, NY, the industrial property sold for $9,600,000. Spanning 62,265 square feet, the asset was acquired at a price of $154 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,600,000
- Address: 95 State Street
- Market: Westbury
- Buyer: Churong Liu
- Seller: Metpar Corp
- Brokers: Michael Tuccillo & Anthony Cerrone - Marcus & Millichap
@thetuccillogroup of Marcus & Millichap played a pivotal role in facilitating the sale of 95 State Street in Westbury. For more industrial opportunities in the region, interested parties can reach out to Mike and Anthony for expert guidance.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$511,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,106.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,508.90
Annual Debt Service$546,106.77
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