Vladimir Tama Buys Retail Property At 200 Middle Country Road Middle Island For $3.9M
200 Middle Country Road
$3,900,000
$211/SF
Building Size
18,440 SF
Asset Type
Retail
Closing
Dec 18, 2024
AI
The property asset involved in the transaction is a retail space located at 200 Middle Country Road in Middle Island. The sale price for the property was $3,900,000, with a total square footage of 18,440, resulting in a price per square foot of $211.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,900,000
- Buyer: Vladimir Tama
- Seller: Dan Rokeach
- Broker: Blake Benitez - Silber Investment Properties
- Square Footage: 18,440
- Price per Square Foot: $211
- Date of Transaction: 12/18/2024
The brokers on this transaction, led by Blake Benitez, successfully secured a hard money, day-one commitment with a quick close, demonstrating effective negotiation and transaction facilitation capabilities.
Middle Island Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93