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451 Old Country Rd

Private Family Purchases Retail Property In Westbury From Estate Of Mosheh Khodadadian For $1.25M
SOLDRetail

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

Robert Khodadadian

Skyline Properties

Broker

$1.1B

vol

30 deals

Broker
PF
Private FamiluBuyer
EK
Estate of Mosheh KhodadadianSeller

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