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356 New York Avenue

Fairfield Properties Purchases Mixed-Use Asset At 356 New York Avenue For $8.05M
SOLDMixed-use

Fairfield Properties Purchases Mixed-Use Asset At 356 New York Avenue For $8.05M

356 New York Avenue

$8,050,000

$731/SF

Building Size

11,000 SF

Asset Type

Mixed-use

Closing

Feb 28, 2025

AI

The asset involved in this transaction is a mixed-use property located at 356 New York Avenue in Huntington. It was sold for $8,050,000, encompassing a total of 11,000 square feet, which results in a price per square foot of $731.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $8,050,000
  • Address: 356 New York Avenue
  • Market: Huntington
  • Square Footage: 11,000
  • Price per Square Foot: $731
  • Buyer: Fairfield Properties
  • Seller: Peconic Equities
  • Seller's Representatives: Corey Gluckstal & Andrew Zambratto
  • Broker: Michael Tuccillo
  • Broker Agency: Marcus & Millichap

Michael Tuccillo of Marcus & Millichap represented Peconic Equities in the disposition of the property. For additional investment opportunities across Long Island, interested parties are encouraged to contact Michael Tuccillo.

Players

Michael Tuccillo

Marcus & Millichap

Broker

$589.5M

vol

28 deals

Broker
Fairfield Properties
Fairfield PropertiesBuyer
Andrew Zambratto

Andrew Zambratto

Peconic Equities

Seller

$27.8M

vol

5 deals

Seller

Huntington 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

1.97%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93