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444 West Jericho Turnpike, ...

Hildreth Real Estate Advisors Acquires Retail Property In Huntington For $4.5M
SOLDRetail

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

David Shorenstein

Hildreth Real Estate Advisors

Buyer

$187.3M

vol

60 deals

Buyer
Hildreth Real Estate Advisors
Hildreth Real Estate AdvisorsBuyer

Ken Moskeland

Seller

$4.5M

vol

2 deals

Seller

Huntington Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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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