facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Sale

/

280 Main Street

Sandy Hammonds Acquires Retail Property On Main Street, Huntington For $765,000
SOLDRetail

Sandy Hammonds Acquires Retail Property On Main Street, Huntington For $765,000

280 Main Street

$765,000

$476/SF

Building Size

1,607 SF

Asset Type

Retail

Closing

Jan 25, 2023

AI

280 Main Street, located in the heart of downtown Huntington, has been sold. The property is a 1,607 sq. ft. retail storefront, delivered vacant. The sale price for this asset was $765,000, at a rate of $476 per sq. ft. Situated on heavily trafficked 25A (Main St.), the property benefits from its prime location, less than 2 miles to Huntington Station.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $765,000
  • Square Footage: 1,607 sq. ft.
  • Address: 280 Main Street, Huntington

The buyer of the property is Sandy Hammonds, and the seller is Yafa Kashanian. Representing the seller in this transaction were Daniel Abbondandolo and Connor Sullivan from Cushman & Wakefield. They successfully facilitated the sale of 280 Main Street, adding value to both parties involved.

Cushman & Wakefield's Team Abbondandolo played a crucial role in this deal, successfully representing the seller. The property's prime location and its vacancy status were key factors driving the transaction, making it an attractive investment opportunity.

Players

Daniel Abbondandolo

Cushman & Wakefield

Broker

$509.6M

vol

84 deals

Broker

Huntington Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

20.74%

Cash-on-Cash

-5.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93