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
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.
Hicksville Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
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