James Serafino Purchases Retail Property From Robert Horowitz At 16 Ludlam Avenue For $675,000
16 Ludlam Avenue
$675,000
$204/SF
Building Size
3,300 SF
Asset Type
Retail
Closing
Jun 5, 2025
AI
This retail asset located at 16 Ludlam Avenue in Bayville sold for $675,000. The property spans 3,300 square feet, resulting in a price per square foot of $204.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $675,000
- Square Footage: 3,300
- Price Per Square Foot: $204
- Buyer: James Serafino
- Seller: Robert Horowitz
- Brokers: Luca DiCiero, Giuseppe Gregorio & Nicholas Evangelista - NY Space Finders
- Transaction Date: 6/6/2025
The transaction involved key representatives, including brokers Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista from NY Space Finders, who facilitated the deal between buyer James Serafino and seller Robert Horowitz.
Players
Bayville 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
23.50%
Cash-on-Cash
-6.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93