Hardeep Kaur & Gagandeep Singh Acquire Package Deal In Hicksville For $2.5M
55 North Broadway & 15 Notre Dame Avenue
$2,500,000
$87/SF
Building Size
28,620 SF
Asset Type
Package Deal
Closing
Mar 21, 2023
AI
A package deal consisting of two properties located at 55-61 North Broadway and 15 Notre Dame Avenue in Hicksville has been sold for $2,500,000. The total square footage of the properties is 14,310, resulting in a price per square foot of $175. The buyer, Hardeep Kaur and Gagandeep Singh, acquired the properties from the seller, Julie Chang.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $2,500,000
- Address: 55-61 North Broadway & 15 Notre Dame Avenue, Hicksville
- Market: Hicksville
- Buyer: Hardeep Kaur & Gagandeep Singh
- Seller: Julie Chang
Aaron Birns, Andy Chen, and Jay Li from B6 Real Estate Advisors represented both the buyer and the seller in this transaction.
Players
Market Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93