facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Mixed Use

/

Sale

/

181-189 Merrick Boulevard, ...

Ostroff Electrical Contractors Acquires Mixed-use Property In Long Island For $1.3M
SOLDMixed-use

Ostroff Electrical Contractors Acquires Mixed-use Property In Long Island For $1.3M

181-189 Merrick Boulevard, Queens, NY, USA

$1,325,000

$212/SF

Building Size

6,250 SF

Asset Type

Mixed-use

Closing

Oct 18, 2021

AI

Located at 181-189 Merrick Road in Long Island, this mixed-use property was recently sold in a transaction. The property spans 6,250 square feet and boasts a selling price of $1,325,000, resulting in a price per square foot of $212.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,325,000
  • Address: 181-189 Merrick Road, Long Island
  • Market: Long Island

Ostroff Electrical Contractors, represented by Elizabeth Holmes from The Rochlin Organization, acquired the property. Acting as the seller's representative was Mike Ferra from Southgate Realty. The transaction marks an important milestone for both parties involved.

Players

Elizabeth Holmes

R.W. Holmes Commercial Real Estate

Broker

$55.3M

vol

12 deals

Broker

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93