Randi Mohabir Acquires Retail Property On Long Beach Rd. For $3.95M
2900 Long Beach Road, Oceanside, NY 11572
$4,150,000
$413/SF
Building Size
10,044 SF
Asset Type
Retail
Closing
Mar 3, 2020
About this deal
AI
Located at 2900 Long Beach Rd, this retail property in Melville, Oceanside, Long Island has recently been sold. The transaction took place on 03/04/2020. The property spans 10,044 square feet and was sold at a price of $3,950,000, resulting in a price per square foot of $393.26. The seller, Danny Leopold, sold the property to the buyer, Randi Mohabir. The deal was facilitated by broker Daniel Abbondandolo.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,950,000
- Address: 2900 Long Beach Rd
- Market: Melville, Oceanside, Long Island
Daniel Abbondandolo, representing the buyer Randi Mohabir, played a crucial role in closing this deal. Additional information about the transaction is not available.
Oceanside 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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93