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Good Meats Acquires Industrial Property At 430 Wireless Boulevard Hauppauge For $19M

Property Image
SOLD
$19,000,000
John Giannuzzi
Thomas (Tom) DeLuca
+ 2

New York

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Property Image
SOLD

Good Meats Acquires Industrial Property At 430 Wireless Boulevard Hauppauge For $19M

430 Wireless Boulevard

See Similar Deals
Industrial50,000 SF
Sold
John Giannuzzi
Thomas (Tom) DeLuca
+ 2
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$380
Total Square Footage:50000 SF
Transaction Type:Sale

The industrial asset is located at 430 Wireless Boulevard in Hauppauge. The sale occurred on January 8, 2025, with a total sale price of $19,000,000. This property encompasses a total square footage of 50,000, resulting in a price per square foot of $380.

Summary of transaction details:

The transaction involved significant participation from Cushman & Wakefield, with a team of four professionals representing the buyer. Philip Shwom served as the representative from Schacker Real Estate for the seller. The collaboration among these real estate professionals facilitated the closing of this transaction.

Players

Thomas (Tom) DeLuca
14 deals$123.7M volume
BROKER

Frank Frizalone
Cushman & Wakefield
10 deals$94.4M volume
BROKER

Nicholas (Nick) Gallipoli
Cushman & Wakefield
16 deals$163.5M volume
BROKER

John Giannuzzi
Cushman & Wakefield
10 deals$54.2M volume
BROKER

Philip Shwom
Schacker Real Estate
2 deals$24M volume
BROKER

Details

SOLD
IMAGE: John Giannuzzi, Nicholas Gallipoli, Thomas DeLuca, Frank Frizalone DATE: 01/08/2025 ADDRESS: 430 Wireless Boulevard MARKET: Hauppauge ASSET TYPE: Industrial BUYER: Good Meats BUYER'S REP: John Giannuzzi, Nicholas (Nick) Gallipoli, Thomas DeLuca & Frank Frizalone - Cushman & Wakefield (@CushWake) SELLER'S REP: Philip Shwom (@PhilipShwom) - Schacker Real Estate (@SchackerRealty) SALE PRICE: $19,000,000 SF: 50,000 ~ PPSF: $380

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,013,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32