North Shore INEOS Grenadier Acquires Retail Property From Len Stoler Automotive Group For $6.5M
145 Pine Hollow Road
$6,500,000
$447/SF
Building Size
14,539 SF
Asset Type
Retail
Closing
Sep 20, 2024
AI
The retail asset located at 145 Pine Hollow Road in Oyster Bay is involved in a transaction with a sale price of $6,500,000. This property encompasses a total of 14,539 square feet and is priced at approximately $447 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,500,000
- Address: 145 Pine Hollow Road
- Market: Oyster Bay
- Square Footage: 14,539
- Price per Square Foot: $447
- Buyer: North Shore INEOS Grenadier
- Seller: Len Stoler Automotive Group
- Broker Representatives: Michael Tuccillo & Anthony Cerrone - Marcus & Millichap
Michael Tuccillo and Anthony Cerrone from Marcus & Millichap facilitated the deal, representing the seller, Len Stoler Automotive Group, in the disposition of the property located at 145 Pine Hollow Road. For further investment opportunities across Long Island, interested parties are encouraged to reach out to Mike and Anthony.
Players
Oyster Bay 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93