Chae Family Acquires Retail Property In Huntington On Long Island For $1.33M
289 Main Street, Huntington, New York 11743, United States
$1,330,000
$526/SF
Building Size
2,528 SF
Asset Type
Retail
Closing
Jun 21, 2022
About this deal
AI
The retail property located at 289 Main St in Huntington, Long Island has been sold for a total price of $1,330,000. The transaction took place on June 22, 2022, and the property spans a total area of 2,528 square feet, resulting in a price per square foot of $526. The property was acquired by the Chae Family.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,330,000
- Address: 289 Main St, Huntington, Long Island
- Market: Long Island
- Buyer: Chae Family
- Seller: Hildreth Real Estate Advisors - David Shorenstein
- Seller's Representative: Andreas Efthymiou, Stephen R. Preuss Sr., Kevin Louie & Kevin Schmitz - Ripco Real Estate
- Square Footage: 2,528
- Price per Square Foot: $526
The deal was facilitated by the seller's representatives, including Andreas Efthymiou, Stephen R. Preuss Sr., Kevin Louie, and Kevin Schmitz from Ripco Real Estate. The buyer, Chae Family, successfully closed the transaction for this retail property located in Huntington.
Players
Huntington Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin Schmitz to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.93%
Cash-on-Cash
-3.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93