Hildreth Real Estate Advisors Acquires Retail Property In Huntington For $4.5M
444 West Jericho Turnpike, Huntington, New York 11743, United States
$4,500,000
$385/SF
Building Size
11,670 SF
Asset Type
Retail
Closing
Jul 18, 2022
AI
The property involved in this transaction is a retail asset located at 444 W. Jericho Turnpike in Huntington, Long Island. The property was sold for a price of $4,500,000 and spans a total area of 11,670 square feet, resulting in a price per square foot of $385.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
Hildreth Real Estate Advisors (HREA) consisting of David Shorenstein, Jason Breitstone, Max Padway, and Scott Ramage, acted as the buyers in this transaction. They acquired the property off-market by working directly with the seller, Ken Moskeland. HREA is interested in purchasing properties in Long Island or NYC, and they can be contacted at [email protected] for offers.
Players
Huntington 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93