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142 N. Franklin St. Hempstead

Updated Oct 28, 2024

David Natanov Acquires Retail Property In Hempstead For $2.1M
SOLD

David Natanov Acquires Retail Property In Hempstead For $2.1M

142 N. Franklin St. Hempstead

Building Size

—

Asset Type

—

Closing

Aug 23, 2022

About this deal

AI

The retail property located at 142 N. Franklin St. in Hempstead, Long Island has been sold in a speed post transaction for a price of $2,100,000. The property spans over 7,000 square feet, resulting in a price per square foot of $300.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,100,000
  • Address: 142 N. Franklin St., Hempstead, Long Island
  • Square Footage: 7,000
  • Market: Long Island

The buyer of the property is David Natanov. The property was sold by Hildreth Real Estate Advisors, with Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie representing the seller as part of Ripco Investment Sales.

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Players

GC
Greenroad CapitalBuyer
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Village of Hempstead CRE Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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