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Debabrata Banerjee Acquires Nassau Retail Property For $3.375M With Buyer's Rep Daniel Abbondandolo & Melissa Naeder

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SOLD
$3,375,000

Colorado

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Retail3,475 SF
Sold 04/16/2020
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Property Image
SOLD

Debabrata Banerjee Acquires Nassau Retail Property For $3.375M With Buyer's Rep Daniel Abbondandolo & Melissa Naeder

66 Bayview Ave, Richmond Hill, On L4 B 4 V6, Canada

See Similar Deals
Retail3,475 SF
Sold 04/16/2020
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Summary

COLORADO
Asset Type:Retail
Price Per Square Foot:$971
Total Square Footage:3,475 SF
Transaction Type:Sale

Located at 66 Bayview Avenue in Manhasset, Nassau, this retail property was recently sold in a closed transaction. The property spans 3,475 square feet, with a price per square foot of $971. The asking price for the property was $3,500,000, and it was ultimately sold for $3,375,000. The cap rate for this transaction was 4.86%.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,375,000
  • Address: 66 Bayview Avenue, Manhasset, Nassau
  • Market: Manhasset, Nassau
  • Square Footage: 3,475
  • Price per Square Foot: $971
  • Asking Price: $3,500,000
  • CAP Rate: 4.86%

Debabrata Banerjee was the buyer of this retail property, while the Cosentino Family acted as the seller. Daniel Abbondandolo and Melissa Naeder, representing @CushWake, served as the buyer's representatives in this transaction. Stefanie Cosentino and Stefani D'amato, from Cosentino Realty, acted as the seller's representatives.

Players

Daniel Abbondandolo
84 deals$509.6M volume(631) 425-1232
BROKER

Melissa Naeder
Cushman & Wakefield
6 deals$25.8M volume
BROKER

Stefanie Cosentino
Cosentino Realty Group
2 deals$5.4M volume
BROKER

Details

SOLD
IMAGE: Melissa Naeder & Daniel Abbondandolo DATE: 04/16/2020 ADDRESS: 66 Bayview Avenue MARKET: Manhasset, Nassau ASSET TYPE: Retail ASKING PRICE: $3,500,000 SALE PRICE: $3,375,000 SF: 3,475 PPSF: $971 CAP RATE: 4.86% SELLER: Cosentino Family BUYER: Debabrata Banerjee BUYER’S REP: Daniel Abbondandolo(@TeamAbbs) & @MelissaNaeder – @CushWake SELLER’S REP: Stefanie Cosentino (@_Stefanieeec) Cosentino Realty & Stefani D’amato […]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$180,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,990.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,999.22
Annual Debt Service$191,990.66