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248-45 Jericho Turnpike

Manjit Singh Acquires Mixed-Use Property In Bellerose For $880,000
SOLDMixed-use

Manjit Singh Acquires Mixed-Use Property In Bellerose For $880,000

248-45 Jericho Turnpike

$880,000

$314/SF

Building Size

2,800 SF

Asset Type

Mixed-use

Closing

Jun 11, 2024

AI

The property at 248-45 Jericho Turnpike in Bellerose, a Mixed-use asset, was recently involved in a transaction. The sale price for this property was $880,000, covering a total area of 2,800 square feet at a price per square foot of $314.

Summary of transaction details:

Kevin Louie, Kevin Schmitz, Andrew LeoGrande, and Eric Delafraz, representing Ripco, facilitated the deal between the buyer, Manjit Singh, and the seller, Antonio Sferrazza. Each of these individuals played a crucial role in ensuring the successful completion of this transaction.

Players

Kevin Louie

Ripco

Broker

$1.1B

vol

129 deals

Broker

Floral Park 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

18.03%

Cash-on-Cash

-5.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93