Steve Fleming & Stephen Holihan Acquire Retail Property In Port Jefferson For $5.15M
1661 Route 112, Port Jefferson Station, New York 11727, United States
$5,150,000
$412/SF
Building Size
12,500 SF
Asset Type
Retail
Closing
Dec 15, 2021
AI
A retail property located at 1661 Route NY-112 in Port Jefferson has been sold for a total price of $5,150,000 on December 15, 2021. The property spans 12,500 square feet, resulting in a price per square foot of $412. The transaction involved the buyer, Steve Fleming and Stephen Holihan, and the seller, RJ Capital Holdings. The deal was facilitated by Michelle Abramov from Asset Commercial Realty Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,150,000
- Address: 1661 Route NY-112, Port Jefferson
- Market: Port Jefferson
- Square Footage: 12,500
- Price per Square Foot: $412
Michelle Abramov from Asset Commercial Realty Group represented the buyer, Steve Fleming and Stephen Holihan, in this transaction.
Players
Port Jefferson Station 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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93