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Gorgon Management Purchases 2820 Middle Country Rd Lake Grove For $925,000 With Schuckman Realty

Property Image
SOLD
$925,000
Edward Gottlieb
Kenneth (Ken) Schuckman

New York

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Retail2,640 SF
Sold 07/28/2020
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Property Image
SOLD

Gorgon Management Purchases 2820 Middle Country Rd Lake Grove For $925,000 With Schuckman Realty

2820 Middle Country Rd, Lake Grove...

See Similar Deals
Retail2,640 SF
Sold 07/28/2020
Edward Gottlieb
Kenneth (Ken) Schuckman
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$350
Total Square Footage:2,640 SF
Transaction Type:Sale

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.

Players

Edward Gottlieb
Schuckman Realty
Edward Gottlieb
4 deals$5.3M volume
BROKER
Kenneth (Ken) Schuckman
Schuckman Realty
Kenneth Schuckman
4 deals$925K volume(516) 496-8888
BROKER

Details

SOLD
IMAGE: 2820 Middle Country Rd, Lake Grove... MARKET: Lake Grove BUYER'S REP: Edward Gottlieb - Schuckman Realty SELLER'S REP: Kenneth (Ken) Schuckman -Schuckman Realty BUYER: Gorgon Management SELLER: Louann Associates LLC PRICE: $925,000.00 SF: 2640

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

$49,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,286.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,384.97
Annual Debt Service$52,619.66