Enzo Labs Sells Industrial Property At 21 Executive Boulevard In Farmingdale For $11.7M
21 Executive Boulevard
$11,700,000
$325/SF
Building Size
35,900 SF
Asset Type
Industrial
Closing
Mar 31, 2026
AI
The transaction involved the sale of a 35,900 square foot industrial property located at 21 Executive Boulevard in Farmingdale. The sale price was $11,700,000, resulting in a price per square foot of $325.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,700,000
- Address: 21 Executive Boulevard
- Market: Farmingdale
- Seller: Enzo Labs
- Brokers: James Dunn & Trevor Dunn - Atlantic Property Services; Kyle Burkhardt & Joshua Cohen - Newmark
- Square Footage: 35,900
- Price per Square Foot: $325
James Dunn and Trevor Dunn of Atlantic Property Services collaborated with Kyle Burkhardt and Joshua Cohen from Newmark to successfully complete this transaction. The sale reflects the strong demand for industrial space on Long Island, particularly in prime locations.
Players
Farmingdale 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93