Gurpreet Singh Acquires Retail Property In Syosset For $5.2M
SOLD
$5,200,000
New York
See Similar DealsRetail5,778 SF
Sold 04/15/2024
SOLD
Gurpreet Singh Acquires Retail Property In Syosset For $5.2M
390 Jericho Turnpike
See Similar DealsRetail5,778 SF
Sold 04/15/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$900
Total Square Footage:5,778 SF
Transaction Type:Sale
The retail property located at 390 Jericho Turnpike in Syosset was the subject of a recent transaction. The property spans 5,778 square feet and was sold for $5,200,000, equating to a price per square foot of $900. The sale took place on 04/15/2024 and involved Gurpreet Singh as the buyer and Apple Bank as the seller.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,200,000
- Address: 390 Jericho Turnpike
- Market: Syosset
The deal was facilitated by Raj Whadwa and Mani Nagpal from Global Realty Services, representing the buyer, and Jon Winzelberg from Ripco, representing the seller. It signifies a significant transaction within the Syosset retail market, showcasing the active involvement of key industry players in property acquisitions.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
Is there something missing? Send suggestions