Home Energy Solutions Acquires Property From FCA In Huntington For $1.3M With Buyer's Rep Gary Pezza
SOLD
$1,300,000
New York
See Similar DealsOffice4,750 SF
SOLD
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
See Similar DealsOffice4,750 SF
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$273
Total Square Footage:4,750 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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