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1071 North Broadway, Massap...

Vincent Curran Acquires Retail Property On N Broadway, Massapequa
SOLDRetail

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

25,795 SF

Asset Type

Retail

Closing

Feb 25, 2020

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.

Players

Matthew Gault

Marcus & Millichap

Broker

$25.9M

vol

4 deals

Broker

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