Zucker Investment Group Purchases Property At 205 Hallock Rd Stony Brook For $1.6M
SOLD
New York
See Similar DealsRetail
Sold 05/26/2021
SOLD
Zucker Investment Group Purchases Property At 205 Hallock Rd Stony Brook For $1.6M
205 Hallock Rd, Stony Brook, NY, 11790
See Similar DealsRetail
Sold 05/26/2021
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.
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Deal Type
30 years
10 years
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
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