IRA Capital Partners Acquires Package Deal In Levittown For $28 Million With Broker Ryan Duffy
3235 Hempstead Turnpike, 2012 Sunrise Highway & 443 Sunrise Highway
$28,000,000
$318,181/SF
Building Size
88 SF
Asset Type
Package Deal
Closing
Mar 13, 2025
AI
The transaction involved a package deal located at 3235 Hempstead Turnpike in Levittown. It was sold for a total of $28,000,000. The property consists of three buildings with a combined square footage of 29,463.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $28,000,000.00
- Address: 3235 Hempstead Turnpike
- Market: Levittown
- Buyer: IRA Capital Partners
- Seller: SLZM Realty
- Buyer's Representative: Ryan Duffy (NNN Pro Group)
- Seller's Representative: Michael Murphy (Douglas Elliman)
Michael Murphy represented SLZM Realty in the disposition of this property portfolio, showcasing their role in the transaction. For further investment opportunities across Long Island, interested parties are directed to contact Michael Murphy and the Douglas Elliman Commercial Team.
Players
Levittown Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93