Kenny Nassab & Sean Nassab Acquire Oceanside Property For $11.6M
SOLD
$12,000,000
New York
See Similar DealsRetail3,655 SF
Sold
SOLD
Kenny Nassab & Sean Nassab Acquire Oceanside Property For $11.6M
2756 Long Beach Road, Oceanside, NY 11572, USA
See Similar DealsRetail3,655 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$3283
Total Square Footage:3655 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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