David Natanov Acquires Retail Property In Hempstead For $2.1M
142 N. Franklin St. Hempstead
Building Size
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Asset Type
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Closing
Aug 23, 2022
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.
Players
Village of Hempstead CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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