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1864 Deer Pk Ave.

Hildreth Real Estate Advisors Acquires Retail Property In Deer Park, Long Island For $2.6M
SOLD

Hildreth Real Estate Advisors Acquires Retail Property In Deer Park, Long Island For $2.6M

1864 Deer Pk Ave.

Building Size

Asset Type

Closing

Aug 9, 2022

AI

The retail property located at 1864 Deer Pk Ave. in Deer Park, Long Island was recently sold in a speed post transaction. The property spans 7,350 square feet with a price per square foot of $353. The sale price for the property was $2,600,000. The transaction involved the buyer, Hildreth Real Estate Advisors, represented by David Shorenstein, Jason Breitstone, Max Padway, and Yair Sarraf. The seller was the Breines Family Trust.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,600,000
  • Square Footage: 7,350
  • Address: 1864 Deer Pk Ave., Deer Park, Long Island
  • Market: Deer Park, Long Island
  • Buyer: Hildreth Real Estate Advisors - David Shorenstein, Jason Breitstone, Max Padway & Yair Sarraf
  • Seller: Breines Family Trust

Hildreth Real Estate Advisors acquired the property through an off-market deal, directly working with the seller. They are interested in purchasing properties in the New York area, so property owners or those interested in off-market investment opportunities can contact them for further discussions.

Players

Breines Family

Trust

Seller

$2.6M

vol

2 deals

Seller

Deer Park CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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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