Updated Dec 20, 2023
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
About this deal
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.
On the Map
$2,500,000
$61/SF
Development Site
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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