Private Family Purchases Retail Property In Westbury From Estate Of Mosheh Khodadadian For $1.25M
451 Old Country Rd
$1,250,000
$250/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jan 12, 2024
AI
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.
Players
Westbury 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93