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55 North Broadway

Hardeep Kaur & Gagandeep Singh Acquire Package Deal In Hicksville For $2.5M
SOLDPackage Deal

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

Aaron Birns

B6 Real Estate Advisors

Broker

$78.5M

vol

7 deals

Broker

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