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

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SOLD
$765,000

New York

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Retail1,607 SF
Sold 01/25/2023
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Property Image
SOLD

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

280 Main Street

See Similar Deals
Retail1,607 SF
Sold 01/25/2023
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$476
Total Square Footage:1,607 SF
Transaction Type:Sale

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
84 deals$509.6M volume(631) 425-1232
BROKER

Connor Sullivan
Cushman & Wakefield
9 deals$35.1M volume
BROKER

Details

SOLD
IMAGE: Daniel Abbondandolo & Connor Sullivan DATE: 01/25/2023 ADDRESS: 280 Main Street MARKET: Huntington ASSET TYPE: Retail BUYER: Sandy Hammonds SELLER: Yafa Kashanian BROKERS: Daniel Abbondandolo (@TeamAbbondandolo) & Connor Sullivan (@Jammin32) - Cushman & Wakefield (@CushWake) SALE PRICE: $765,000 SF: 1,607 ~ PPSF: $476 NOTE FROM BROKER: Cushman & Wakefield’s Team Abbondandolo successfully represented the Seller in the sale of 280 Main Street – a 1,607 sq. ft. retail storefront in the heart of downtown Huntington. Delivered vacant, the asset traded for $765,000, or $476 per sq. ft. The property is well positioned on heavily trafficked 25A (Main St.) and is situated less than 2 miles to Huntington Station. &Wakefield

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,717.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,626.49
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