Hildreth Real Estate Advisors Acquires Retail Property In Deer Park, Long Island For $2.6M
1864 Deer Pk Ave.
Building Size
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Asset Type
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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
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