Updated Dec 4, 2024
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
About this deal
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:
- 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.
On the Map
$9,600,000
$154/SF
Industrial
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Players
Westbury 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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93