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110 Main St, Sayville, New ...

Scott Grodsky Acquires Mixed-Use Property In Suffolk County, Long Island For $2.4M
SOLDMixed-use

Scott Grodsky Acquires Mixed-Use Property In Suffolk County, Long Island For $2.4M

110 Main St, Sayville, New York 11782, United States

$2,400,000

$240/SF

Building Size

10,000 SF

Asset Type

Mixed-use

Closing

Apr 25, 2022

AI

Main St. in Sayville, Suffolk County, Long Island was the site of a recent closed transaction. The property at 110-130 Main St. is a mixed-use asset, spanning 10,000 square feet. The deal was finalized on 04/26/2022 for a sale price of $2,400,000, which equates to a price per square foot of $240. The buyer, Scott Grodsky, acquired the property from John Lacy & Bob Lacy. Jason Merrell from Douglas Elliman Commercial represented the buyer in the transaction, while Guy Canzoneri from Berkshire Hathaway represented the sellers.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,400,000
  • Address: 110-130 Main St., Sayville, Suffolk County, Long Island
  • Market: Suffolk County, Long Island
  • Buyer: Scott Grodsky
  • Seller: John Lacy & Bob Lacy
  • Buyer's Rep: Jason Merrell - Douglas Elliman Commercial
  • Seller's Rep: Guy Canzoneri - Berkshire Hathaway
  • Square Footage: 10,000
  • Price per Square Foot: $240

Jason Merrell from Douglas Elliman Commercial and Guy Canzoneri from Berkshire Hathaway played crucial roles as representatives in this transaction. Their expertise and negotiation skills contributed to the successful completion of the deal.

Players

Guy Canzoneri

Berkshire Hathaway HomeServices

Broker

$57.3M

vol

4 deals

Broker

Sayville Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93