Philip DeDona Acquires Retail Property In Suffolk County, Long Island For $7M
2930 Route 112, Coram, Suffolk County, NY, USA
$7,000,000
$425/SF
Building Size
16,456 SF
Asset Type
Retail
Closing
Jun 1, 2020
About this deal
AI
The retail property located at 2930 Route 112 in Suffolk County, Long Island has been sold in a closed transaction. The property spans approximately 16,456 square feet and was sold for a price of $7,000,000, resulting in a price per square foot of $425. The sale took place on June 1, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,000,000
- Address: 2930 Route 112, Suffolk County, Long Island
- Market: Suffolk County, Long Island
Philip DeDona purchased the property from RJ Capital Holdings, represented by Rudolf Abramov. Michelle Abramov from AssetCRG acted as the broker in this transaction.
On the Map
$7,000,000
$425/SF
Retail
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Players
Coram 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93