Ping Wang Acquires Mixed-Use Asset In Bethpage From Mike Jags For $2.04M
4010 Hempstead Turnpike
$2,040,000
$181/SF
Building Size
11,250 SF
Asset Type
Mixed-use
Closing
Dec 3, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 4010 Hempstead Turnpike, Bethpage. The sale price was $2,040,000, with a total square footage of 11,250, resulting in a price per square foot of $181.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,040,000
- Buyer: Ping Wang
- Seller: Mike Jags
- Seller's Representatives: Michael Gronenthal & J.T. Famularo - Douglas Elliman
This transaction was facilitated by representatives Michael Gronenthal and J.T. Famularo from Douglas Elliman, who worked on behalf of the seller, Mike Jags, in the sale of the property. Their involvement highlights the collaboration between real estate professionals during the transaction process.
On the Map
$2,040,000
$181/SF
Mixed-use
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Players
Bethpage 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
7.78%
Cash-on-Cash
-2.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93