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
Malverne Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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