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444 W. Jericho Turnpike

Hildreth Real Estate Advisors Acquires Retail Property In Huntington, Long Island For $4.5M
SOLD

Hildreth Real Estate Advisors Acquires Retail Property In Huntington, Long Island For $4.5M

444 W. Jericho Turnpike

Building Size

Asset Type

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

Ken Moskeland

Seller

$4.5M

vol

2 deals

Seller

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