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37-43 W John St, Hicksville...

Syed Hassan Acquires Mixed-Use Property In Hicksville/Long Island
SOLDMixed-use

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

Cayce Ortale

Broker

$11.6M

vol

6 deals

Broker
Scott Plasky
Verified Badge

Scott Plasky

Marcus & Millichap

Broker

$406.4M

vol

78 deals

Broker

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