Barbara Eriksen Acquires Warehouse In Water Mill For $2,330,000 From Daniel Katz With Broker Alexander Boriskin
442 Blank Lane
$2,330,000
Building Size
—
Asset Type
Warehouse
Closing
Nov 17, 2023
About this deal
AI
The asset involved in this transaction is a warehouse located at 442 Blank Lane in Water Mill, NY. The property was sold for $2,330,000.00.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $2,330,000.00
- Buyer: Barbara Eriksen
- Seller: Daniel Katz
- Market: Water Mill, NY
- Brokers: Alexander Boriskin - Douglas Elliman
This transaction highlights the roles of the buyer and seller, with Barbara Eriksen acquiring the property from Daniel Katz. The deal was facilitated by Alexander Boriskin from Douglas Elliman, who represented the brokerage interests involved in this transfer.
On the Map
$2,330,000
Warehouse
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Players
WATER MILL Warehouse Market Snapshot
Boundary boundary · Warehouse · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.81%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93