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
About this deal
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:
- Property Type: Sale
- Transaction Amount: $1,000,000.00
- Buyer: 266 Jericho Realty LLC
- Seller: 266 Jericho Tpke. Corp.
- Buyer's Representative: Frank Posillico - Alliance Real Estate Corp.
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.
On the Map
$1,000,000
$85/SF
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Players
Floral 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93