Bosfa Properties Acquires Development Site On Front St. In Hempstead, NY For $1.9M
600 Front Street
$1,900,000
Building Size
—
Asset Type
Development Site
Closing
Dec 21, 2022
AI
A development site located at 584-600 Front St. in Hempstead, NY has been sold for $1,900,000. The property, sold by James Furey, was purchased by Bosfa Properties. The transaction was facilitated by Christopher Pesce of Douglas Elliman, who represented Bosfa Properties in the deal.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,900,000
- Address: 584-600 Front St., Hempstead, NY
- Market: Hempstead, NY
Christopher Pesce of Douglas Elliman played a key role as the broker representing Bosfa Properties in the transaction.
Players
Hempstead 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93