Home Energy Solutions Acquires Property From FCA In Huntington For $1.3M With Buyer's Rep Gary Pezza
187 E Main St, Huntington, NY, 11743
$1,300,000
$273/SF
Building Size
4,750 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property asset involved in this transaction is an office building located at 187 E Main St, Huntington, NY, 11743. The sale price for the property was $1,300,000.00, which comprises 4,750 square feet of office space and includes a large storage area. The market for this transaction is identified as Huntington.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $1,300,000.00
- Address: 187 E Main St, Huntington, NY, 11743
- Square Footage: 4,750
- Market: Huntington
- Buyer: Home Energy Solutions
- Seller: FCA
- Buyer's Representative: Gary Pezza-Cushman & Wakefield
The transaction was facilitated by Gary Pezza, who represented the buyer, Home Energy Solutions, as well as the seller, FCA, in the deal. NAI Long Island played a crucial role in arranging the sale of the property.
Players
Huntington Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93