Rami Polinsky Of GPFRE Acquires Retail Property From Shadowhill Partners For $3.8M In Hicksville
SOLD
$3,800,000
New York
See Similar DealsRetail3,536 SF
Sold 05/01/2025
SOLD
Rami Polinsky Of GPFRE Acquires Retail Property From Shadowhill Partners For $3.8M In Hicksville
255 North Broadway
See Similar DealsRetail3,536 SF
Sold 05/01/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,074
Total Square Footage:3,536 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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