Vincent Curran Acquires Retail Property On N Broadway, Massapequa
SOLD
$1,715,000
New York
See Similar DealsRetail25,795 SF
Sold
SOLD
Vincent Curran Acquires Retail Property On N Broadway, Massapequa
1071 North Broadway, Massapequa, NY, USA & 1071 North Broadway, Massapequa, NY, USA
See Similar DealsRetail25,795 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$66
Total Square Footage:25,795 SF
Transaction Type:Sale
Located at 1071 N Broadway in Massapequa, this retail property was recently sold in a transaction. The property spans 13,000 square feet and was sold for a total price of $1,715,000, resulting in a price per square foot of $131.92.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,715,000
- Address: 1071 N Broadway, Massapequa
- Market: Massapequa
In this transaction, Siu Ling Lam acted as the seller, while Vincent Curran acted as the buyer. Representing the seller was Matthew Gault from Douglas Elliman Commercial, and Rich Guarino from Friedman Roth acted as the buyer's representative. These individuals played key roles in the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$91,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,093.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,129.97
Annual Debt Service$97,559.70
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