Hildreth Real Estate Advisors Acquires Retail Property In Huntington For $4.5M
SOLD
$4,500,000
New York
See Similar DealsRetail11,670 SF
Sold 07/19/2022
SOLD
Hildreth Real Estate Advisors Acquires Retail Property In Huntington For $4.5M
444 West Jericho Turnpike, Huntington, New York 11743, United States
See Similar DealsRetail11,670 SF
Sold 07/19/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$385
Total Square Footage:11,670 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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