Louis Evangalista's 1 Wadsworth Terrace Realty Acquires Retail Property In Locust Valley For $812,500
212 Forest Ave Locust Valley, NY 11560, USA
$812,500
$224/SF
Building Size
3,625 SF
Asset Type
Retail
Closing
May 12, 2023
About this deal
AI
The retail property located at 212 Forest Avenue in Locust Valley has been sold in a recent transaction. The property spans 3,625 square feet and was sold for a price of $812,500, resulting in a price per square foot of $224.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $812,500
- Address: 212 Forest Avenue, Locust Valley
- Market: Locust Valley
Louis Evangalista of 1 Wadsworth Terrace Realty, LLC., served as the buyer in the transaction. The seller was Enrico Abbondandolo, representing Cemma Property LLC. The deal was facilitated by Luca DiCiero and Giuseppe Gregorio of NY Space Finders.
Players
New York 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
19.52%
Cash-on-Cash
-5.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93