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111 Depot Realty LLC Acquires Retail Property In Huntington Station For $4.05M With Schuckman Realty
SOLD
$4,050,000
New York
See Similar DealsRetail
Sold 01/10/2025
SOLD
111 Depot Realty LLC Acquires Retail Property In Huntington Station For $4.05M With Schuckman Realty
111 Depot Road
See Similar DealsRetail
Sold 01/10/2025
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Sale
A retail property located at 111 Depot Road in Huntington Station was sold for $4,050,000. The asset spans 1.24 acres and is currently leased to CVS for an additional 11 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,050,000
- Buyer: 111 Depot Realty LLC
- Seller: 7024 Queens Boulevard LLC
- Broker: Matthew Colantonio - Schuckman Realty
The transaction was facilitated by Schuckman Realty's Matthew Colantonio, who represented both the buyer and seller in this all-cash deal. The sale overcame challenges posed by rising interest rates and current market conditions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$216,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,388.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,199.07
Annual Debt Service$230,388.79
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