George Goodrich Acquires Retail Property In Oceanside For $2.85M
332 Atlantic Avenue
$2,850,000
$193/SF
Building Size
14,750 SF
Asset Type
Retail
Closing
Feb 28, 2023
About this deal
AI
Located at 332 Atlantic Avenue in the market of Oceanside, this retail property was recently sold in a closed transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,850,000
- Square Footage: 14,750
- Price per Square Foot: $193
- Address: 332 Atlantic Avenue
The buyer, George Goodrich, acquired the property from the seller, Scott Gruber. Representing the buyer in the deal was Michael Steinberg, while Edward Gottlieb, from Schuckman Realty, served as the seller's representative.
The retail sale at 332 Atlantic Avenue in New York sold for $2.9M in 2023. The building is 14,750 square feet, implying about 193 per square foot on the published price. Edward Gottlieb, George Goodrich, Scott Gruber, Michael Steinberg appear on the sale alongside Schuckman Realty, HedgeStone Business Advisors. This page is the New York file for the 332 Atlantic Avenue retail sold: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that local retail set by closing date to see what else sold near 332 Atlantic Avenue around 2023. Published consideration for 332 Atlantic Avenue is $2.9M, dated 2023. Cite this George Goodrich Acquires Retail Property In Oceanside For $2.85M sale when underwriting similar retail product around New York.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Edward Gottlieb 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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93