Giannone Spirito Plaza LLC Acquires Property At 270 E Main St For $7M With Berkshire Hathaway HomeServices
270 E Main St, Patchogue, NY, 11772
$7,000,000
$840/SF
Building Size
8,332 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in the transaction is located at 270 E Main St, Patchogue, NY, 11772. It was sold for $7,000,000.00 and comprises a total square footage of 8,332. The market for this property is Patchogue.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $7,000,000.00
- Address: 270 E Main St, Patchogue, NY, 11772
- Square Footage: 8,332
- Market: Patchogue
- Seller: 270 Main St. LLC
- Buyer: Giannone Spirito Plaza LLC
- Seller's Representative: Guy Canzoneri-Berkshire Hathaway HomeServices
This transaction involved Giannone Spirito Plaza LLC acting as the buyer, while the seller was 270 Main St. LLC. The deal was represented by Guy Canzoneri from Berkshire Hathaway HomeServices, indicating the involvement of a professional real estate agency in facilitating the sale.
On the Map
$7,000,000
$840/SF
Retail
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Patchogue 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93