SOLDDevelopment Site
Dylan Eckardt Acquires Dev. Site In Shelter Island For $1.375M
22 Locust Point Rd, Wading River, Shelter Island, NY, USA
$1,375,000
$13/SF
Building Size
104,544 SF
Asset Type
Development Site
Closing
May 12, 2021
AI
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.
Shelter Island Heights 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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93