John Vitale & Dylan Vitale Acquire Retail Property In Nassau County For $700,000
4566 Austin Boulevard, Island Park, New York 11558, United States
$700,000
Building Size
—
Asset Type
Retail
Closing
Apr 3, 2022
About this deal
AI
A retail property located at 4566 Austin Blvd. in Nassau County was recently sold in a transaction handled by Michael Steinberg of Empire Business Management. The sale took place on 04/04/2022, with a sale price of $700,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $700,000
- Address: 4566 Austin Blvd.
- Market: Nassau County
The buyer in this transaction is John Vitale and Dylan Vitale, while the seller is Gary Greco. Michael Steinberg, from Empire Business Management, represented the buyer and seller in this deal.
Players
Island Park 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
22.66%
Cash-on-Cash
-6.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93