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17235 Main Rd, East Marion,...

Dylan Eckardt Sells 5-Acre Development Site In East Marion For $2.5M
SOLDDevelopment Site

Dylan Eckardt Sells 5-Acre Development Site In East Marion For $2.5M

17235 Main Rd, East Marion, NY, USA

$2,500,000

$61/SF

Building Size

40,511 SF

Asset Type

Development Site

Closing

Mar 9, 2021

AI

A double-sided four lot development site in East Marion, Long Island has been sold for $2.5 million. The property, located at 17235 Main Rd., spans an impressive 5 acres. The sale was facilitated by Dylan Eckardt of Nest Seekers, who managed to close the deal within just 24 hours, without any contingencies.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $2,500,000
  • Address: 17235 Main Rd.
  • Market: East Marion
  • Acres: 5

The successful transaction was handled by Dylan Eckardt, also known as "The Prince of Real Estate." Although the buyer's identity has not been disclosed, it is rumored that one of Dylan's celebrity clients was the purchaser. The swift completion of this multi-million dollar deal showcases Dylan's expertise and prowess in the real estate industry.

Players

Dylan Eckardt

Nest Seekers International

Broker

$46.3M

vol

9 deals

Broker

East Marion Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93