Rami Polinsky Of GPFRE Acquires Retail Property From Shadowhill Partners For $3.8M In Hicksville
255 North Broadway
$3,800,000
$1,074/SF
Building Size
3,536 SF
Asset Type
Retail
Closing
Apr 30, 2025
AI
The asset involved in this transaction is a retail property located at 255 North Broadway, Hicksville. The sale price was $3,800,000, with a total square footage of 3,536, resulting in a price per square foot of $1,074.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,800,000
- Buyer: Rami Polinsky - GPFRE
- Seller: Shadowhill Partners
- Market: Hicksville
- Square Footage: 3,536
- Price per Square Foot: $1,074
Rami Polinsky, representing GPFRE, is actively seeking both on and off-market retail deals in the NY/NJ markets and invites potential leads regarding similar opportunities at [email protected] or via phone at 201-669-1566.
Players
Hicksville 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93