Castle Lanterra Acquires Mixed-Use Property In Long Island For $138M
303 Main Street, Hempstead, NY, USA
$138,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Sep 2, 2021
AI
The mixed-use property located at 303 Main Street & 130 Hempstead Avenue in Long Island has been sold for approximately $138,000,000. The transaction took place on 09/02/2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $138,000,000 (approx.)
- Units: 316
- Price per unit (PPU): $436,708 (approx.)
- Market: Long Island
The buyer, Castle Lanterra, represented by Elie Rieder, acquired the property from UBS Realty Investors. Castle Lanterra is a noteworthy player in the real estate market.
Players
Village of Hempstead 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93