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114 Broadway

William Lattarulo Purchases Retail Property At 114 Broadway From Sal Salem For $1.66M
SOLDRetail

William Lattarulo Purchases Retail Property At 114 Broadway From Sal Salem For $1.66M

114 Broadway

$1,662,500

$373/SF

Building Size

4,456 SF

Asset Type

Retail

Closing

Mar 12, 2026

AI

The retail property located at 114 Broadway in Long Island was sold for a price of $1,662,500. The asset spans 4,456 square feet, which equates to a price per square foot of $373.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,662,500
  • Address: 114 Broadway
  • Market: Long Island
  • Square Footage: 4,456
  • Price per Square Foot: $373
  • Buyer: William Lattarulo
  • Seller: Sal Salem
  • Seller's Rep: Anthony M Ponte & David Lau - Stonegate Real Estate

William Lattarulo acquired the property from Sal Salem, with the transaction facilitated by the seller's representatives, Anthony M Ponte and David Lau, who are associated with Stonegate Real Estate.

Players

Anthony M Ponte

Stonegate Real Estate

Broker

$14.6M

vol

9 deals

Broker

Malverne 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

9.54%

Cash-on-Cash

-2.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93