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North Shore INEOS Grenadier Acquires Retail Property From Len Stoler Automotive Group For $6.5M

Property Image
SOLD
$6,500,000
Anthony Cerrone
Michael Tuccillo

New York

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Retail14,539 SF
Sold 09/20/2024
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Property Image
SOLD

North Shore INEOS Grenadier Acquires Retail Property From Len Stoler Automotive Group For $6.5M

145 Pine Hollow Road

See Similar Deals
Retail14,539 SF
Sold 09/20/2024
Anthony Cerrone
Michael Tuccillo
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$447
Total Square Footage:14,539 SF
Transaction Type:Sale

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

Michael Tuccillo
Marcus & Millichap
Michael Tuccillo
27 deals$582.4M volume
BROKER
Anthony Cerrone
Marcus & Millichap
Anthony Cerrone
8 deals$104.2M volume
BROKER

Details

SOLD
IMAGE: Michael Tuccillo & Anthony Cerrone DATE: 09/20/2024 ADDRESS: 145 Pine Hollow Road MARKET: Oyster Bay ASSET TYPE: Retail BUYER: North Shore INEOS Grenadier SELLER: Len Stoler Automotive Group BROKERS: Michael Tuccillo (@TheTuccilloGroup) & Anthony Cerrone - Marcus & Millichap (@MarcusMillichap_Tristate) SALE PRICE: $6,500,000 SF: 14,539 ~ PPSF: $447 NOTE FROM BROKER: @thetuccillogroup of Marcus & Millichap successfully helped Len Stoler Automotive Group with their disposition of 145 Pine Hollow Road in Oyster Bay, NY. For additional investment opportunities across Long Island please contact Mike and Anthony.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$346,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79