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670 Pine Aire Drive

Dorf Associates Purchases Industrial Asset At 670 Pine Aire Drive In Bay Shore For $950,000
SOLDIndustrial

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

Robert Desmond

Industry One Realty Corporation

Broker

$950K

vol

1 deal

Broker
Industry One Realty Corporation
Industry One Realty CorporationBrokerage

Bay Shore Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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