Joe Miller Purchases Free Standing Building From Mike Caristo For $1.2M In Oyster Bay
22 Pine Hollow Road
$1,200,000
$538/SF
Building Size
2,230 SF
Asset Type
Retail
Closing
Aug 21, 2025
AI
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
Oyster Bay 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93