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Triple H Construction Inc Acquires Retail Property At 2200 Smithtown Avenue For $5 Million
SOLD
New York
See Similar DealsRetail21,000 SF
Sold 03/26/2026
SOLD
Triple H Construction Inc Acquires Retail Property At 2200 Smithtown Avenue For $5 Million
2200 Smithtown Avenue
See Similar DealsRetail21,000 SF
Sold 03/26/2026
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$238
Total Square Footage:21,000 SF
Transaction Type:Sale
The retail property located at 2200 Smithtown Avenue, Ronkonkoma, spans 21,000 square feet and sits on a 2.25-acre lot. The sale concluded with a transaction amount of $5 million, equivalent to $238 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 2200 Smithtown Avenue
- Market: Ronkonkoma
- Acres: 2.25
- Square Footage: 21,000
- Price per Square Foot: $238
- Buyer: Triple H Construction Inc
- Buyer's Representative: Ramy Hassanein - Douglas Elliman
- Seller's Representatives: Jeffrey Schwartzberg, Jason Miller & Desmond Mullins - Premier Commercial Real Estate
Triple H Construction Inc. engaged in this transaction with representation from Ramy Hassanein of Douglas Elliman. The seller was represented by a team from Premier Commercial Real Estate, consisting of Jeffrey Schwartzberg, Jason Miller, and Desmond Mullins.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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