facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Sale

/

205 Hallock Rd, Stony Brook...

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

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

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.

Players

Brian Katz

Katz & Associates Real Estate Advisors

Broker

$9.2M

vol

9 deals

Broker

Stony Brook 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93