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30 Hamilton Ave, Wheeling, ...

Updated Oct 29, 2024

Fuscheto Home Improvements LLC Acquires Industrial Property In Oyster Bay
FINANCEDIndustrial

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

Zahra Jafri

Broker

$600K

vol

1 deal

Broker
Habib American Bank (HAB BANK)
Habib American Bank (HAB BANK)Lender

Wheeling Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Deal FAQ

About $120 per square foot on a published $600K for 5,000 square feet (2020).

Visit Zahra Jafri to view all their deals.

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

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