Dylan Eckardt Acquires Dev. Site In Shelter Island For $1.375M
SOLD
$1,375,000
New York
See Similar DealsDevelopment Site104,544 SF
Sold 05/13/2021
SOLD
Dylan Eckardt Acquires Dev. Site In Shelter Island For $1.375M
22 Locust Point Rd, Wading River, Shelter Island, NY, USA
See Similar DealsDevelopment Site104,544 SF
Sold 05/13/2021
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$13
Total Square Footage:104,544 SF
Transaction Type:Sale
22 Locust Point Rd. in Shelter Island is a development site spanning 2 acres. The property was recently sold for $1,375,000.
Summary of transaction details:
- Property Type: Dev. Site
- Transaction Amount: $1,375,000
In this deal, Dylan Eckardt of Nestseekers represented the transaction as the broker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42
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