Northmarq Brokers Sell Retail Property In Suffolk County For $7.6M
SOLD
$7,600,000
New York
See Similar DealsRetail4 SF
Sold 07/12/2022
SOLD
Northmarq Brokers Sell Retail Property In Suffolk County For $7.6M
200 East Jericho Turnpike, South Huntington, New York 11746, United States
See Similar DealsRetail4 SF
Sold 07/12/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,900,000
Total Square Footage:4 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$405,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53
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