Richard Guarino Acquires Mixed-Use Property On Shore Road, Nassau For $1.44M
118 Shore Road, Bronx, NY 10464, USA
$1,440,000
$137/SF
Building Size
10,500 SF
Asset Type
Mixed-use
Closing
Jul 30, 2020
About this deal
AI
118 Shore Road, a mixed-use property located in Nassau, was recently sold for a price of $1,440,000. The transaction took place on July 30, 2021, with Richard Guarino representing the buyer, and Mike Guarino representing the seller. The property spans a total area of 10,500 square feet, with four units available. The price per unit is $360,000, and the price per square foot is $137.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,440,000
- Address: 118 Shore Road
- Market: Nassau
- Buyer's Representative: Richard Guarino - rickCapGroup @FriedmanRoth
- Seller's Representative: Mike Guarino
- Number of Units: 4
- Price per Unit: $360,000
- Total Square Footage: 10,500
- Price per Square Foot: $137
Richard Guarino from rickCapGroup @FriedmanRoth acted as the buyer's representative in the transaction, while Mike Guarino represented the seller. This successful sale highlights the demand for mixed-use properties in the Nassau market.
Players
New York 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
11.02%
Cash-on-Cash
-3.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93