Private Family Purchases Retail Property In Westbury From Estate Of Mosheh Khodadadian For $1.25M
SOLD
$1,250,000
New York
See Similar DealsRetail5,000 SF
Sold
SOLD
Private Family Purchases Retail Property In Westbury From Estate Of Mosheh Khodadadian For $1.25M
451 Old Country Rd
See Similar DealsRetail5,000 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$250
Total Square Footage:5,000 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 451 Old Country Rd in the Westbury market. The transaction price amounts to $1,250,000.00, with a total square footage of 5,000.0 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,250,000.00
- Address: 451 Old Country Rd
- Market: Westbury
- Square Footage: 5,000.0
- Buyer: Private Family
- Seller: Estate of Mosheh Khodadadian
- Brokers: Robert Khodadadian - Skyline Properties
The transaction was facilitated by broker Robert Khodadadian, who represents Skyline Properties. The buyer is a private family acquiring the retail asset from the Estate of Mosheh Khodadadian, completing the deal on January 12, 2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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