David Natanov Acquires Retail Property At 142 N. Franklin St. Hempstead For $2.1M
142 North Franklin Street, Hempstead, New York 11550, United States
$2,100,000
$300/SF
Building Size
7,000 SF
Asset Type
Retail
Closing
Aug 22, 2022
About this deal
AI
The retail property located at 142 N. Franklin St. in Hempstead, Long Island has been sold for a total of $2,100,000. The property spans a total square footage of 7,000, resulting in a price per square foot of $300. The sale transaction was completed on August 23, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,100,000
- Address: 142 N. Franklin St., Hempstead
- Market: Long Island
- The buyer in this transaction is David Natanov, while the seller is Hildreth Real Estate Advisors.
The seller was represented by Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie from Ripco Investment Sales. No additional information is available regarding the buyer's representative.
On the Map
$2,100,000
$300/SF
Retail
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Village of Hempstead 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93