Anthony Moschetta Sells Hotel In Long Island For $3.3M With Charles Chang From Highcap Group
SOLD
$3,300,000
New York
See Similar DealsHotel
Sold 01/25/2022
SOLD
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
See Similar DealsHotel
Sold 01/25/2022
Summary
NEW YORK
Asset Type:Hotel
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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