Gorgon Management Purchases 2820 Middle Country Rd Lake Grove For $925,000 With Schuckman Realty
2820 Middle Country Rd, Lake Grove...
$925,000
$350/SF
Building Size
2,640 SF
Asset Type
Retail
Closing
Jul 28, 2020
About this deal
AI
The property involved in this transaction is located at 2820 Middle Country Rd, Lake Grove. It is on the market in Lake Grove with a sale price of $925,000.00 and encompasses a total square footage of 2,640.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $925,000.00
- Address: 2820 Middle Country Rd, Lake Grove
- Square Footage: 2,640
- Buyer: Gorgon Management
- Seller: Louann Associates LLC
- Buyer's Representative: Edward Gottlieb - Schuckman Realty
- Seller's Representative: Kenneth (Ken) Schuckman - Schuckman Realty
This transaction features Gorgon Management as the buyer, with representation by Edward Gottlieb from Schuckman Realty. The seller, Louann Associates LLC, is represented by Kenneth (Ken) Schuckman, also from Schuckman Realty, highlighting the agency's involvement on both sides of the deal.
On the Map
$925,000
$350/SF
Retail
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Players
Lake Grove 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
17.15%
Cash-on-Cash
-4.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93