Kenny Nassab & Sean Nassab Acquire Oceanside Property For $11.6M
2756 Long Beach Road, Oceanside, NY 11572, USA
$12,000,000
$3,283/SF
Building Size
3,655 SF
Asset Type
Retail
Closing
Jan 13, 2020
About this deal
AI
The property involved in this closed transaction is located at 2756 Long Beach Rd. in Oceanside. It was sold on 01/14/2020 for a sale price of $11,600,000. The property measures 3,655 square feet and has a price per square foot of $3,173.
Summary of transation details
- Property Type: SALE
- Transaction Amount: $11,600,000
- Date: 01/14/2020
- Address: 2756 Long Beach Rd.
- Market: Oceanside
- Seller: Ike Chera
- Buyer: Kenny Nassab & @SeanNasab
- Brokers: Isaac Mograby, Nathan Elmekies - Crown Acquisitions
The buyers in this transaction are Kenny Nassab and SeanNasab, while the seller is Ike Chera. The brokers representing both parties are Isaac Mograby and Nathan Elmekies from Crown Acquisitions.
On the Map
$12,000,000
$3,283/SF
Retail
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Players
Oceanside 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93