James Serafino Purchases Retail Property From Robert Horowitz At 16 Ludlam Avenue For $675,000
SOLD
$675,000
New York
See Similar DealsRetail3,300 SF
Sold 06/06/2025
SOLD
James Serafino Purchases Retail Property From Robert Horowitz At 16 Ludlam Avenue For $675,000
16 Ludlam Avenue
See Similar DealsRetail3,300 SF
Sold 06/06/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$204
Total Square Footage:3,300 SF
Transaction Type:Sale
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
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$36,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,398.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,199.84
Annual Debt Service$38,398.13
Is there something missing? Send suggestions