Updated Oct 29, 2024
Fuscheto Home Improvements LLC Acquires Industrial Property In Oyster Bay
30 Hamilton Ave, Wheeling, WV 26003, USA
$600,000
$120/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Mar 29, 2020
About this deal
AI
The industrial property located at 30 Hamilton Avenue in Oyster Bay has been recently closed on. The property spans 5,000 square feet and was purchased for a price of $1,200,000. The lender for this transaction was HAB Bank, providing a loan amount of $600,000. The landlord of the property is Fuscheto Home Improvements LLC, headed by Martin Fuscheto. The presence of Zahra Jafri from Lynx Mortgage Bank LLC - Commercial Division acted as the broker in this deal.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,200,000
- Lender: HAB Bank
- Landlord: Fuscheto Home Improvements LLC – Martin Fuscheto
- Broker: Zahra Jafri – Lynx Mortgage Bank LLC – Commercial Division @LynxMortgageNY
- Loan Amount: $600,000
- Square Footage: 5,000
Zahra Jafri, representing Lynx Mortgage Bank LLC - Commercial Division, played a crucial role in facilitating this industrial property transaction in Oyster Bay. Their expertise and negotiation skills helped ensure a successful deal between the buyer, seller, and landlord.
Players
Wheeling Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
26.44%
Cash-on-Cash
-7.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93