Updated Sep 9, 2024
Young Hee Sells Huntington Property At 159 Main St For $7.25M With Rep Dale Staudigel
159 Main St, Huntington, NY, 11743
$7,250,000
$316/SF
Building Size
22,884 SF
Asset Type
MultiFamily
Closing
Nov 19, 2023
About this deal
AI
The property located at 159 Main St, Huntington, NY, 11743, is a three-story Tudor walk-up with a total square footage of 22,884. The property was sold for $7,250,000.00, contributing to the active real estate market in Huntington.
Summary of transaction details:
- Property Type: Walk-Up
- Transaction Amount: $7,250,000.00
- Address: 159 Main St, Huntington, NY, 11743
- Square Footage: 22,884
- Seller: Young Hee
- Buyer's Representative: Unknown
- Seller's Representative: Dale Staudigel-Tri-State Properties
- Market: Huntington
Ron Kleinberg and Dale Staudigel, co-presidents of Tri-State Properties, brokered this sale. They exclusively represented the seller, Young Hee, who has managed the property for nearly 30 years. The purchaser's firm, which has nearby apartment holdings, is looking to enhance the asset by increasing rental values through various strategies.
Players
Huntington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93