Dorf Associates Purchases Industrial Asset At 670 Pine Aire Drive In Bay Shore For $950,000
670 Pine Aire Drive
$950,000
$256/SF
Building Size
3,700 SF
Asset Type
Industrial
Closing
Dec 17, 2025
AI
The asset is an industrial property located at 670 Pine Aire Drive in the Bay Shore market. The sale price for the property was $950,000, with a total square footage of 3,700, resulting in a price per square foot of $256.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $950,000
- Address: 670 Pine Aire Drive
- Market: Bay Shore
- Square Footage: 3,700
- Price Per Square Foot: $256
- Buyer: Dorf Associates
- Broker: Robert Desmond - Industry One Realty Corporation
Key individuals involved in this transaction include Robert Desmond, representing the buyer, as well as other parties from the Dorf family, Jason Dorf, Amy Dorf, and Ari Dorf, who are associated with the buyer, Dorf Associates.
Players
Bay Shore 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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93