Updated Dec 19, 2023
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
About this deal
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.
The development site sale at 22 Locust Point Rd, Wading River, Shelter Island, NY, USA in Shelter Island Heights, New York sold for $1.4M in 2021. The building is 104,544 square feet, implying about 13 per square foot on the published price. Dylan Eckardt, Nest Seekers International appear on the sale alongside Nest Seekers International. This page is the Shelter Island Heights, New York file for the 22 Locust Point Rd, Wading River, Shelter Island, NY, USA development site sold: pricing, party profiles, and other closed development site comps from the same Shelter Island Heights sit in the Market section below. Filter that Shelter Island Heights development site set by closing date to see what else sold near 22 Locust Point Rd, Wading River, Shelter Island, NY, USA around 2021. Published consideration for 22 Locust Point Rd, Wading River, Shelter Island, NY, USA is $1.4M, dated 2021. Cite this Dylan Eckardt Acquires Dev. Site In Shelter Island For $1.375M sale when underwriting similar development site product around Shelter Island Heights, New York.
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