RH Real Estate Acquires Kings Park Industrial Property On Meadow Road West
SOLD
$3,250,000
New York
See Similar DealsMultiFamily2,250 SF
Sold 02/08/2023
SOLD
RH Real Estate Acquires Kings Park Industrial Property On Meadow Road West
125 Meadow Road West
See Similar DealsMultiFamily2,250 SF
Sold 02/08/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,444
Total Square Footage:2,250 SF
Transaction Type:Sale
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:
- Property Type: Industrial
- Transaction Amount: $3,250,000
- Address: 125 Meadow Road West
- Market: Kings Park
- Buyer: Ronald Stern – RHS Realty Group
- Seller: AHJ Associates - Mark Shapiro
- Brokers: David Schechtman, Brian Gladstone - Meridian Capital Group; & Jonathan Schwartz - Fairview Property Group
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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