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1661 Route 112, Port Jeffer...

Steve Fleming & Stephen Holihan Acquire Retail Property In Port Jefferson For $5.15M
SOLDRetail

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

Michelle Abramov

Ripco

Broker

$64.9M

vol

26 deals

Broker
RJ Capital Holdings
RJ Capital HoldingsSeller

Port Jefferson Station Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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