Ping Wang Acquires Mixed-Use Asset In Bethpage From Mike Jags For $2.04M
SOLD
$2,040,000
New York
See Similar DealsMixed-use11,250 SF
Sold
SOLD
Ping Wang Acquires Mixed-Use Asset In Bethpage From Mike Jags For $2.04M
4010 Hempstead Turnpike
See Similar DealsMixed-use11,250 SF
Sold
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$181
Total Square Footage:11250 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$108,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,247.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,670.64
Annual Debt Service$116,047.69
Is there something missing? Send suggestions