Andrew Goldberger Acquires Retail Property In Suffolk County For $8.1M
450 NY-25A, Suffolk County, New York
$8,100,000
$352/SF
Building Size
23,000 SF
Asset Type
Retail
Closing
Mar 3, 2022
About this deal
AI
The retail property located at 450 NY-25A in Suffolk County was sold in a recent transaction. The property spans 23,000 square feet and was sold for a total price of $8,100,000, resulting in a price per square foot (PPSF) of $352. The sale took place on 03/04/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,100,000
- Market: Suffolk County
- Address: 450 NY-25A
The buyer in the transaction was Andrew Goldberger, while Igor Nestor acted as the seller. Michael Steinberg, representing Empire Business Management, served as the broker for the deal. Empire Business Management is a full-service firm specializing in real estate, business brokering, mergers, and acquisitions.
For more information on listings, interested parties can contact Empire Business Management. The firm offers a variety of opportunities, including laundromats, car washes, hotels, liquor stores, manufacturing businesses, portfolios, shopping centers, and small to mid-size companies.
Players
Miller Place 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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93