Hildreth Real Estate Advisors Acquires Retail Property In Deer Park, Long Island For $2.6M
1864 Deer Park Avenue, Deer Park, New York 11729, United States
$2,600,000
$353/SF
Building Size
7,350 SF
Asset Type
Retail
Closing
Aug 8, 2022
AI
Hildreth Real Estate Advisors (HREA) has acquired a retail property located at 1864 Deer Pk Ave. in Deer Park, Long Island. The property was purchased off-market directly from the seller, the Breines Family Trust. The transaction took place on 08/09/2022 for a sale price of $2,600,000. The property spans a total of 7,350 square feet, resulting in a price per square foot of $353.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,600,000
- Address: 1864 Deer Pk Ave., Deer Park, Long Island
- Market: Deer Park, Long Island
The buyers, Hildreth Real Estate Advisors, were represented by David Shorenstein, Jason Breitstone, Max Padway, and Yair Sarraf. The sellers, the Breines Family Trust, worked directly with the buyer to complete the off-market transaction. HREA encourages property owners in the NY area to reach out if they have any properties for sale or if they would like to explore off-market investment opportunities.
Players
Deer Park 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93