Vincent Curran Acquires Retail Property On N Broadway, Massapequa
1071 North Broadway, Massapequa, NY, USA & 1071 North Broadway, Massapequa, NY, USA
$1,715,000
$66/SF
Building Size
12,795 SF
Asset Type
Retail
Closing
Feb 25, 2020
About this deal
AI
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.
On the Map
$1,715,000
$66/SF
Retail
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Players
Massapequa Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.25%
Cash-on-Cash
-2.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93