John Varghese Acquires Central Nassau County Retail Property For $1.975M
3106 Hempstead Turnpike, Levittown, New York 11756, United States
$1,975,000
$197/SF
Building Size
10,000 SF
Asset Type
Retail
Closing
Jan 27, 2022
AI
The retail property located at 3106-3120 Hempstead Turnpike in Central Nassau County has been sold. The transaction took place on January 28, 2022. The property, spanning 10,000 square feet, was purchased by John Varghese for a total price of $1,975,000. The sale price per square foot is estimated at $197. The seller, the Folke Family, was represented by Bruce Nelson from Cushman & Wakefield, while Gurpreet "Sonny" Singh from ACC Space Advisors served as the buyer's representative.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,975,000
- Date: January 28, 2022
- Address: 3106-3120 Hempstead Turnpike
- Market: Central Nassau County
- Square Footage: 10,000
- Price per Square Foot: $197
Gurpreet "Sonny" Singh from ACC Space Advisors represented John Varghese in this transaction, while Bruce Nelson from Cushman & Wakefield served as the seller's representative for the Folke Family.
Players
Levittown Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93