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303 Main Street, Hempstead,...

Updated Mar 11, 2025

Castle Lanterra Acquires Mixed-Use Property In Long Island For $138M
SOLDMixed-use

Castle Lanterra Acquires Mixed-Use Property In Long Island For $138M

303 Main Street, Hempstead, NY, USA

$138,000,000

Units

316

Asset Type

Mixed-use

Closing

Sep 2, 2021

About this deal

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.

The mixed use sale at 303 Main Street, Hempstead, NY, USA in Village of Hempstead, New York sold for $138M in 2021. Reported inventory is 316 units across 316 units. Named participants on the 303 Main Street, Hempstead, NY, USA sale are Elie Rieder. This page is the Village of Hempstead, New York file for the 303 Main Street, Hempstead, NY, USA mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Village of Hempstead sit in the Market section below. Filter that Village of Hempstead mixed use set by closing date to see what else sold near 303 Main Street, Hempstead, NY, USA around 2021. Published consideration for 303 Main Street, Hempstead, NY, USA is $138M, dated 2021. Cite this Castle Lanterra Acquires Mixed-Use Property In Long Island For $138M sale when underwriting similar mixed use product around Village of Hempstead, New York.

On the Map

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$138,000,000

Mixed-use

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Players

Elie Rieder

Castle Lanterra

Buyer

$407.8M

vol

7 deals

Buyer
UBS Realty Investors
UBS Realty InvestorsSeller
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Village of Hempstead Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $436.7K per unit across 316 units on a published $138M (2021).

Visit Elie Rieder to view all their deals.

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

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