Syed Hassan Acquires Mixed-Use Property In Hicksville/Long Island
37-43 W John St, Hicksville, NY 11801, USA
$1,750,000
$416/SF
Building Size
4,200 SF
Asset Type
Mixed-use
Closing
May 23, 2019
AI
The mixed-use property located at 37-43 West John Street in Hicksville/Long Island recently sold for $1,750,000. The property spans a total of 4,200 square feet, resulting in a price per square foot of $416. The asking price for the property was $1,877,000. The transaction involved Long Green Corp as the seller and Syed Hassan as the buyer. The seller was represented by Cayce Ortale from BHRE Inc. and Scott Plasky from Marcus & Millichap.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,750,000
- Address: 37-43 West John Street
- Market: Hicksville/Long Island
- Square Footage: 4,200
- Price Per Square Foot: $416
- Asking Price: $1,877,000
The buyer of the property, Syed Hassan, successfully acquired the mixed-use asset from Long Green Corp. The seller was represented by Cayce Ortale of BHRE Inc. and Scott Plasky of Marcus & Millichap. The transaction highlights the active real estate market in Hicksville/Long Island.
Players
Hicksville 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93