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.
Players
Village of Hempstead 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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93