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MN Family Realty Corp Purchases 406 Osborn Avenue Mixed-use Asset In Riverhead For $3.35M

Property Image
SOLD
$3,350,000
Steven D. Bezmen
Vincent T. Gebbia
Patrick Fedune

New York

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Mixed-use9,000 SF
Sold 02/03/2025
the dealplayerscompscontact
Property Image
SOLD

MN Family Realty Corp Purchases 406 Osborn Avenue Mixed-use Asset In Riverhead For $3.35M

406 Osborn Avenue

See Similar Deals
Mixed-use9,000 SF
Sold 02/03/2025
Steven D. Bezmen
Vincent T. Gebbia
Patrick Fedune
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$372
Total Square Footage:9,000 SF
Transaction Type:Sale

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

Steven D. Bezmen
HedgeStone Commercial
Steven D. Bezmen
4 deals$8.4M volume(516) 327-6289
BROKER
Vincent T. Gebbia
HedgeStone Commercial
Vincent T. Gebbia
3 deals$7.3M volume(516) 695-4898
BROKER
Patrick Fedune
Patrick Fedune
1 deal$3.4M volume(631) 276-2556
BROKER

Details

SOLD
IMAGE: Steven D. Bezmen & Vincent T. Gebbia DATE: 02/03/2025 ADDRESS: 406 Osborn Avenue MARKET: Riverhead ASSET TYPE: Mixed-use BUYER: MN Family Realty Corp - Maria F. Nunez SELLER: Dream Land Builders BROKERS: Steven D. Bezmen (@BezmenRealEstate), Vincent T. Gebbia (@TheVTGGroup) - Douglas Elliman (@DouglasElliman) & Patrick Fedune - Fedune Real Estate Inc (@FedunRealEstate) SALE PRICE: $3,350,000 SF: 9,000 ~ PPSF: $372 NOTE FROM BROKER: Contact us for expert assistance with selling or buying commercial real estate or a business… .Gebbia

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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