Steve Fleming & Stephen Holihan Acquire Retail Property In Port Jefferson For $5.15M
SOLD
$5,150,000
New York
See Similar DealsRetail12,500 SF
Sold 12/15/2021
SOLD
Steve Fleming & Stephen Holihan Acquire Retail Property In Port Jefferson For $5.15M
1661 Route 112, Port Jefferson Station, New York 11727, United States
See Similar DealsRetail12,500 SF
Sold 12/15/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$412
Total Square Footage:12,500 SF
Transaction Type:Sale
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
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)
$274,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,296.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,413.63
Annual Debt Service$292,963.53
Is there something missing? Send suggestions