Updated Dec 21, 2023
Xian Lian Chen Acquires Industrial Property In Hicksville For $8.4M
96 New South Rd, Hicksville, NY 11801, USA
$8,400,000
$120/SF
Building Size
70,000 SF
Asset Type
Industrial
Closing
Sep 4, 2019
About this deal
AI
Located at 96 New South Rd in Hicksville, this industrial property in Nassau County was recently sold in a closed transaction. The property spans 70,000 square feet and was sold for a price of $8,400,000, resulting in a price per square foot of $120.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,400,000
- Address: 96 New South Rd, Hicksville
- Market: Nassau County
The seller in this transaction is Howard Friedman, represented by Gary J. Chimeri from Alliance RE. Xian Lian Chen is the buyer, and Neil Dolgin from Kalmon Dolgin Affiliates served as the buyer's representative.
Players
Hicksville 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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93