Anthony Moschetta Sells Hotel In Long Island For $3.3M With Charles Chang From Highcap Group
295 East Jericho Turnpike, Huntington Station, New York 11746, United States
$3,300,000
Building Size
—
Asset Type
Hotel
Closing
Jan 24, 2022
About this deal
AI
The Hotel property located at 295 East Jericho Turnpike in Long Island has been sold. The property spans across an area of 0.87 acres. The transaction took place on January 24, 2022. The sale was facilitated by Charles Chang from Highcap Group on behalf of the seller, Anthony Moschetta. The property was sold for a total price of $3,300,000. The sale included 36 keys, with a price per key (PPK) of $91,666.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $3,300,000
- Address: 295 East Jericho Turnpike
- Market: Long Island
- Acres: 0.87
Charles Chang from Highcap Group represented Anthony Moschetta in this transaction.
On the Map
$3,300,000
Hotel
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Players
Huntington Station Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93