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2930 Route 112, Coram, Suff...

Philip DeDona Acquires Retail Property In Suffolk County, Long Island For $7M
SOLDRetail

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

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.

Players

Michelle Abramov

Ripco

Broker

$64.9M

vol

26 deals

Broker

Rudolf Abramov

RJ Capital Holdings

Seller

$26.4M

vol

5 deals

Seller

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