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134 E Main St Port Jefferso...

Silber Investment Properties Represents Bruce Passarelli In $4.6M Retail Sale On Port Jefferson's East Main Street
SOLDRetail

Silber Investment Properties Represents Bruce Passarelli In $4.6M Retail Sale On Port Jefferson's East Main Street

134 E Main St Port Jefferson, NY 11777, USA

$4,587,000

$365/SF

Building Size

12,544 SF

Asset Type

Retail

Closing

Jun 28, 2023

AI

The retail property located at 134 E Main Street in Port Jefferson has been sold. The transaction was facilitated by the brokers Anthony Ciafardoni and Amanda Gordon from Silber Investment Properties. The property was sold by Bruce Passarelli for a total price of $4,587,000.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $4,587,000
  • Address: 134 E Main Street, Port Jefferson
  • Market: Port Jefferson
  • SF: 12,544
  • PPSF: $366

Anthony Ciafardoni and Amanda Gordon, representing Silber Investment Properties, played a crucial role in the successful completion of the deal. Their expertise and negotiation skills helped in finalizing the transaction smoothly.

Players

Amanda Gordon

Silber Investment Properties

Broker

$20.8M

vol

4 deals

Broker

New York 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

3.46%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93