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4010 Hempstead Turnpike

Ping Wang Acquires Mixed-Use Asset In Bethpage From Mike Jags For $2.04M
SOLDMixed-use

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

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.

Players

Michael Gronenthal

Douglas Elliman

Broker

$106.7M

vol

38 deals

Broker

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