Pailla Reddy Acquires 110 Motor Parkway Land In Hauppauge For $4.5M From Seller Vincent Mo
110 Motor Parkway
$4,500,000
Building Size
—
Asset Type
Land
Closing
Aug 7, 2026
About this deal
AI
110 Motor Parkway is a ±3.41-acre unentitled development site located in Hauppauge. The sale price for this property was $4.5 million, which equates to approximately $1.32 million per acre. The property required navigating complexities associated with being an unentitled development site throughout the closing process.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $4,500,000
- Buyer: Pailla Reddy
- Seller: Vincent Mo
- Seller's Representative: Joegy Raju & Daniel Abbondandolo - Cushman & Wakefield
Cushman & Wakefield’s Long Island Investment Sales team facilitated this transaction, demonstrating their expertise in handling unentitled development sites. The adjacent Radisson Hotel is currently available for sale, presenting further opportunities in the area.
On the Map
$4,500,000
Land
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93