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Zucker Investment Group Purchases Property At 205 Hallock Rd Stony Brook For $1.6M

Property Image
SOLD
$1,600,000
John Heretakis
Russel Helbling
+ 1

New York

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Retail
Sold 05/26/2021
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Property Image
SOLD

Zucker Investment Group Purchases Property At 205 Hallock Rd Stony Brook For $1.6M

205 Hallock Rd, Stony Brook, NY, 11790

See Similar Deals
Retail
Sold 05/26/2021
John Heretakis
Russel Helbling
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Transaction Type:Sale

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.

Players

Brian Katz
9 deals$9.2M volume
BROKER

John Heretakis
2 deals$5.8M volume(516) 424-4855
BROKER

Russel Helbling
1 deal$1.6M volume(212) 219-6515
BROKER

Stu Fagen
Sabre Real Estate Group
3 deals$18M volume
BROKER

Details

SOLD
IMAGE: 205 Hallock Rd, Stony Brook, NY, 11790 MARKET: Stony Brook SELLER'S REP: Brian Katz(Katz & Associates Real Estate Advisors), John Heretakis(Katz & Associates) BUYER: Zucker Investment Group SELLER: Unknown PRICE: $1,600,000.00 SF: 0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80