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IRA Capital Partners Acquires Package Deal In Levittown For $28 Million With Broker Ryan Duffy

Property Image
SOLD
$28,000,000
Michael Murphy
Ryan Duffy

New York

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Package Deal88 SF
Sold 03/13/2025
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Property Image
SOLD

IRA Capital Partners Acquires Package Deal In Levittown For $28 Million With Broker Ryan Duffy

3235 Hempstead Turnpike, 2012 Sunrise Highway & 443 Sunrise Highway

See Similar Deals
Package Deal88 SF
Sold 03/13/2025
Michael Murphy
Ryan Duffy
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Package Deal
Price Per Square Foot:$318,181
Total Square Footage:88 SF
Transaction Type:Sale

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

Michael Murphy
Douglas Elliman
Michael Murphy
23 deals$94.4M volume(631) 858-2460
BROKER
Ryan Duffy
Surmount
Ryan Duffy
2 deals$31.4M volume(332) 345-4246
BROKER

Details

SOLD
IMAGE: Michael Murphy, Ryan Duffy DATE: 03/13/2025 ADDRESS: 3235 Hempstead Turnpike, 2012 Sunrise Highway & 443 Sunrise Highway MARKET: Levittown, Merrick & Lynbrook ASSET TYPE: Package Deal BUYER: IRA Capital Partners SELLER: SLZM Realty BUYER'S REP: Ryan Duffy - NNN Pro Group (@OfficialNNNPro) SELLER'S REP: Michael Murphy (@MurfCommercialRE) - Douglas Elliman (@DouglasEllimanCommercialli) SALE PRICE: $28,000,000 SF: 29,463 ~ PPSF: $950 NOTE FROM SELLER'S REP: @MurfCommercialRE represented ownership with their disposition of this 3 building portfolio. For additional investment opportunities across Long island please contact Michael Murphy and the Douglas Elliman Commercial Team !

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,493,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$99,478.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$132,734.28
Annual Debt Service$1,592,811.42