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16 Ludlam Avenue

James Serafino Purchases Retail Property From Robert Horowitz At 16 Ludlam Avenue For $675,000
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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:

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

Luca DiCiero

NY Space Finders

Broker

$124.3M

vol

151 deals

Broker
NY Space Finders
NY Space FindersBrokerage

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