MN Family Realty Corp Purchases 406 Osborn Avenue Mixed-use Asset In Riverhead For $3.35M
406 Osborn Avenue
$3,350,000
$372/SF
Building Size
9,000 SF
Asset Type
Mixed-use
Closing
Feb 3, 2025
About this deal
AI
The mixed-use property located at 406 Osborn Avenue in Riverhead was sold for $3,350,000. The asset spans a total area of 9,000 square feet, resulting in a price per square foot of $372.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,350,000
- Address: 406 Osborn Avenue
- Market: Riverhead
- Square Footage: 9,000
- Price per Square Foot: $372
- Buyer: MN Family Realty Corp - Maria F. Nunez
- Seller: Dream Land Builders
- Brokers: Steven D. Bezmen, Vincent T. Gebbia - Douglas Elliman & Patrick Fedune - Fedune Real Estate Inc
The deal involved multiple brokers representing both the buyer and seller. Steven D. Bezmen and Vincent T. Gebbia from Douglas Elliman, along with Patrick Fedune from Fedune Real Estate Inc, facilitated the transaction, highlighting their expertise in commercial real estate dealings.
Players
Riverhead 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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93