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266 Jericho Turnpike, Flora...

266 Jericho Realty LLC Acquires Floral Park Property From 266 Jericho Tpke Corp For $1M
SOLD

266 Jericho Realty LLC Acquires Floral Park Property From 266 Jericho Tpke Corp For $1M

266 Jericho Turnpike, Floral Park, NY...

$1,000,000

$85/SF

Building Size

11,725 SF

Asset Type

Closing

Nov 20, 2023

AI

The property asset involved in this transaction is located at 266 Jericho Turnpike, Floral Park, NY. It was purchased for a price of $1,000,000.00, encompassing a total square footage of 11,725. The market for this property is identified as Floral Park.

Summary of transaction details:

This transaction involved key individuals and organizations, including the buyer 266 Jericho Realty LLC, which acquired the property from the seller 266 Jericho Tpke. Corp. The buyer's representative for this deal was Frank Posillico from Alliance Real Estate Corp., facilitating the transaction between the involved parties.

Players

Frank Posillico

Alliance Real Estate Corp.

Broker

$1M

vol

1 deal

Broker
American Investment Properties Inc.
American Investment Properties Inc.Brokerage

Floral Park 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93