Zucker Investment Group Purchases Property At 205 Hallock Rd Stony Brook For $1.6M
205 Hallock Rd, Stony Brook, NY, 11790
$1,600,000
Building Size
—
Asset Type
Retail
Closing
May 26, 2021
About this deal
AI
The property at 205 Hallock Rd, Stony Brook, NY, is a freestanding former Party City location situated on a 1.16-acre lot. It was sold for $1,600,000.00. The property is located within the Stony Brook market.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $1,600,000.00
- Address: 205 Hallock Rd, Stony Brook, NY, 11790
- Market: Stony Brook
- Square Footage: 0
- Buyer: Zucker Investment Group
- Seller: Unknown
- Seller's Representatives: Brian Katz (Katz & Associates Real Estate Advisors), John Heretakis (Katz & Associates)
- Buyer's Representatives: Russel Helbling, Stu Fagen (Sabre Real Estate)
Katz & Associates facilitated the transaction, with Brian Katz, Jonathan Greenberg, and John Heretakis acting as the representatives for the seller. Zucker Investment Group was represented by Russel Helbling and Stu Fagen from Sabre Real Estate.
On the Map
$1,600,000
Retail
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Players
Stony Brook 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93