Hildreth Real Estate Advisors Acquires Retail Property In Huntington, Long Island For $4.5M
444 W. Jericho Turnpike
Building Size
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Asset Type
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Closing
Sep 15, 2022
AI
Hildreth Real Estate Advisors (HREA) has acquired a retail property located at 444 W. Jericho Turnpike in Huntington, Long Island. The property was purchased for a sale price of $4,500,000. Spanning across 11,670 square feet, the property was sold at a rate of $385 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Square Footage: 11,670
- Address: 444 W. Jericho Turnpike, Huntington, Long Island
- Market: Huntington, Long Island
HREA successfully acquired the property directly from the seller, Ken Moskeland, without any involvement from brokers. The acquisition was made off market, demonstrating HREA's ability to identify opportunities and establish direct connections with property owners. If you own any properties in Long Island or NYC and are interested in receiving an offer, please reach out to HREA via email at [email protected] or through direct messaging.
Players
Huntington 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