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
About this deal
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.
On the Map
$8,050,000
$731/SF
Mixed-use
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Players
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