facebook
Traded Co logo
Submit

Creative Eye Glass Group Acquires Warehouse In Farmingdale For $2.73M

Property Image
SOLD
$2,730,000

New York

See Similar Deals
Warehouse21,500 SF
the dealplayerscompscontact
Property Image
SOLD

Creative Eye Glass Group Acquires Warehouse In Farmingdale For $2.73M

200 Allen BLVD, Farmingdale, NY, 11735

See Similar Deals
Warehouse21,500 SF
Contact now

Summary

NEW YORK
Asset Type:Warehouse
Price Per Square Foot:$127
Total Square Footage:21,500 SF
Transaction Type:Sale

The property involved in the transaction is a 21,500-square-foot warehouse located at 200 Allen Blvd in Farmingdale, NY 11735. The warehouse was purchased by Creative Eye Glass Group for $2,730,000.00. The buyer, a company based in Ridgewood, Queens, distributes high-fashion reading glasses and sunglasses. The seller of the property was Great River Holding LLC, a real estate affiliate of Connetquot West Healthcare Medical Supplies.

Summary of transaction details:

  • Property Type: Warehouse
  • Transaction Amount: $2,730,000.00
  • Market: Farmingdale
  • Buyer: Creative Eye Glass Group
  • Seller: Great River Holding LLC
  • Buyer's Rep: Michael Freedberg()

Michael Freedberg of Suffolk Industrial Properties represented both the buyer, Creative Eye Glass Group, and the seller, Great River Holding LLC, in the sales transaction. Freedberg met the buyer while canvassing for clients in Queens, which led to the successful deal between the two parties. This transaction marks another instance of a company migrating from Queens to Long Island, as part of the ongoing trend of businesses moving from urban areas to suburban locations.

Players

8 deals$9.4M volume
BROKER

Details

SOLD
IMAGE: 200 Allen BLVD, Farmingdale, NY, 11735 MARKET: Farmingdale ASSET TYPE: Warehouse BUYER'S REP: Michael Freedberg() BUYER: Creative Eye Glass Group SELLER: Great River Holding LLC PRICE: $2,730,000.00 SF: 21500

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$145,600.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,699.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,941.59
Annual Debt Service$155,299.11