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Hildreth Real Estate Advisors Acquires Retail Property In Deer Park, Long Island For $2.6M

Property Image
SOLD
$2,600,000
Jason Breitstone
Max Padway
+ 2

New York

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Retail7,350 SF
Sold 08/09/2022
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Property Image
SOLD

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

See Similar Deals
Retail7,350 SF
Sold 08/09/2022
Jason Breitstone
Max Padway
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$353
Total Square Footage:7,350 SF
Transaction Type:Sale

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

David Shorenstein
60 deals$187.3M volume
BUYER

Jason Breitstone
Hildreth Real Estate Advisors
35 deals$130.8M volume
BUYER

Max Padway
Hildreth Real Estate Advisors
23 deals$93.7M volume
BUYER

Yair Sarraf
Hildreth Real Estate Advisors
13 deals$49M volume
BUYER

Details

SOLD
IMAGE: David Shorenstein, Jason Breitstone, Max Padway & Yair Sarraf DATE: 08/09/2022 ADDRESS: 1864 Deer Pk Ave. MARKET: Deer Park, Long Island ASSET TYPE: Retail BUYER: Hildreth Real Estate Advisors (@HildrethAdvisors) - David Shorenstein (@ShoreShot1), Jason Breitstone (@Jabstone), Max Padway (@Max_Padway) & Yair Sarraf (@YMSRealEstate) SELLER: Breines Family Trust SALE PRICE: $2,600,000 SF: 7,350 ~ PPSF: $353 NOTE FROM BUYER: Hildreth Real Estate Advisors (HREA) acquired the property off market by working direct with the seller. Please DM us if you own any properties in the NY area or if you would like to be included in these off market investment opportunities.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
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