Desh Deepak Bhardwaj Acquires Retail Property In Floral Park For $4.7M
10 Hillside Avenue, New York 11427, United States
$4,708,500
$727/SF
Building Size
6,470 SF
Asset Type
Retail
Closing
Apr 4, 2022
About this deal
AI
The property asset involved in this transaction is a retail space located at 260-04 & 260-10 Hillside Avenue in the Floral Park market. The property spans a total of 6,470 square feet and was sold for a price of $4,708,500, resulting in a price per square foot of $727.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,708,500
- Address: 260-04 & 260-10 Hillside Avenue
- Market: Floral Park
- Square Footage: 6,470
The buyer in this transaction is Desh Deepak Bhardwaj, and the seller is Angelina Colalillo.
Players
New York 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
3.37%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93