Northmarq Brokers Sell Retail Property In Suffolk County For $7.6M
200 East Jericho Turnpike, South Huntington, New York 11746, United States
$7,600,000
$1,900,000/SF
Building Size
4 SF
Asset Type
Retail
Closing
Jul 12, 2022
AI
The retail property located at 200 E Jericho Turnpike in Suffolk County has been sold. The transaction, which took place on 12/07/2022, had a sale price of $7,600,000. The property spans a total of 4,996 square feet, resulting in a price per square foot of $1,521.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,600,000
- Address: 200 E Jericho Turnpike
- Market: Suffolk County
The sale was facilitated by Maggie Holmes and Mike Sladich from Northmarq. They represented the parties involved in the transaction as the brokers.
Players
Huntington 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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93