Joe Miller Purchases Free Standing Building From Mike Caristo For $1.2M In Oyster Bay
SOLD
$1,200,000
New York
See Similar DealsRetail2,230 SF
Sold 08/22/2025
SOLD
Joe Miller Purchases Free Standing Building From Mike Caristo For $1.2M In Oyster Bay
22 Pine Hollow Road
See Similar DealsRetail2,230 SF
Sold 08/22/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$538
Total Square Footage:2,230 SF
Transaction Type:Sale
The asset involved in this transaction is a free standing building located at 22 Pine Hollow Road in the Oyster Bay market. It was sold for a price of $1,200,000, with a total square footage of 2,230 and a price per square foot of $538.
Summary of transaction details:
- Property Type: Free Standing Building
- Transaction Amount: $1,200,000
- Address: 22 Pine Hollow Road
- Market: Oyster Bay
- Square Footage: 2,230
- Price per Square Foot: $538
- Buyer: Joe Miller
- Seller: Mike Caristo
- Brokers: Luca DiCiero, Giuseppe Gregorio & Nicholas Evangelista - NY Space Finders
The key individuals involved in this transaction include buyer Joe Miller and seller Mike Caristo. The brokers facilitating the deal are Luca DiCiero, Giuseppe Gregorio, and Nicholas Evangelista, who represent the interests of the parties involved through their agency, NY Space Finders.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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