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
About this deal
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.
On the Map
$7,600,000
$1,900,000/SF
Retail
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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