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95 State Street

Churong Liu Buys Industrial Property From Metpar Corp In Westbury For $9.6M
SOLDIndustrial

Churong Liu Buys Industrial Property From Metpar Corp In Westbury For $9.6M

95 State Street

$9,600,000

$154/SF

Building Size

62,265 SF

Asset Type

Industrial

Closing

May 24, 2024

AI

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:

@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.

Players

Michael Tuccillo

Marcus & Millichap

Broker

$589.5M

vol

28 deals

Broker

Westbury Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.65%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93