Dorf Associates Purchases Industrial Asset At 670 Pine Aire Drive In Bay Shore For $950,000
SOLD
$950,000
New York
See Similar DealsIndustrial3,700 SF
Sold 12/18/2025
SOLD
Dorf Associates Purchases Industrial Asset At 670 Pine Aire Drive In Bay Shore For $950,000
670 Pine Aire Drive
See Similar DealsIndustrial3,700 SF
Sold 12/18/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$256
Total Square Footage:3,700 SF
Transaction Type:Sale
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
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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