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125 Meadow Road West

RH Real Estate Acquires Kings Park Industrial Property On Meadow Road West
SOLDMultiFamily

RH Real Estate Acquires Kings Park Industrial Property On Meadow Road West

125 Meadow Road West

$3,250,000

$1,444/SF

Building Size

2,250 SF

Asset Type

MultiFamily

Closing

Feb 8, 2023

AI

The industrial property located at 125 Meadow Road West in Kings Park has been sold for $3,250,000. The asset encompasses a total area of 2,250 square feet and is situated on a 2-acre parcel of land.

Summary of transaction details:

The brokers involved in the transaction include David Schechtman and Brian Gladstone from Meridian Capital Group, alongside Jonathan Schwartz from Fairview Property Group, representing both the buyer and seller throughout the deal.

Players

Brian Gladstone

Meridian Capital Group

Broker

$396M

vol

13 deals

Broker
Walker & Dunlop
Walker & DunlopBrokerage

Town of Smithtown MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93