United Properties Corp Acquires Mt Sinai Shopping Center In Long Island For $29.75M
5505 Nesconset Highway, Mount Sinai, NY 11766, USA
$29,750,000
$991/SF
Building Size
30,000 SF
Asset Type
Other
Closing
Oct 16, 2017
AI
Mt Sinai Shopping Center, located at 5505 Nesconset Hwy in Long Island, was recently sold in a closed transaction. The shopping center, which is a shopping center asset, was sold for a price of $29,750,000.
Summary of transation details
- Property Type: Shopping Center
- Transaction Amount: $29,750,000
- Seller: Glen & Kenneth Frank
- Buyer: United Properties Corp
- Broker: Silber Inv't Properties - Aaron Etessami
- Market: Long Island
The deal's main parties involved in this transaction were Glen & Kenneth Frank, who acted as the sellers, and United Properties Corp, who acted as the buyers. The brokerage firm Silber Inv't Properties was responsible for representing the sellers and their broker representative was Aaron Etessami.
Players
Mount Sinai Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93