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159 Main St, Huntington, NY...

Updated Sep 9, 2024

Young Hee Sells Huntington Property At 159 Main St For $7.25M With Rep Dale Staudigel
SOLDMultiFamily

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

Dale Staudigel

Tri-State Properties

Broker

$7.3M

vol

1 deal

Broker

Huntington MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $316 per square foot on a published $7.3M for 22,884 square feet (2024).

Visit Tri-State Properties to view all their deals.

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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

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