Updated Dec 21, 2023
Chris Barry Acquires Development Site On Hicksville, Long Island For $5.75M
The Perkway Building, 550 W Old Country Rd, Hicksville, NY 11801, USA
$5,750,000
$79/SF
Building Size
72,388 SF
Asset Type
Development Site
Closing
Oct 15, 2019
About this deal
AI
The development site located at 550 W Old Country Road in Hicksville, Long Island has been sold in a closed transaction. The property, situated in Nassau County, was sold for a price of $5,750,000. The site has a building square footage (BSF) of 72,388 with a price per building square footage (PPBSF) of $79.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $5,750,000
- Address: 550 W Old Country Road
- Market: Hicksville, Long Island
- County: Nassau
- Seller: Ed Roubeni
- Buyer: Chris Barry
- Broker: Stephen R. Preuss @teampreuss
Stephen R. Preuss from @teampreuss represented the parties involved in the transaction as the broker. His expertise and negotiation skills contributed to the successful completion of the deal.
On the Map
$5,750,000
$79/SF
Development Site
View full map
Players
Hicksville 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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93