George Wong Acquires Retail Property In Hicksville For $3.9M
500 Old Country Road, Hicksville, New York 11801, United States
$3,900,000
$178/SF
Building Size
21,915 SF
Asset Type
Retail
Closing
Feb 24, 2022
AI
The retail property located at 500 W. Old Country Rd. in Hicksville was recently sold for $3,900,000. The property spans a total of 21,915 square feet, resulting in a price per square foot of $177. The sale took place on February 25, 2022. Yorlyn Lopez captured an image of the property, showcasing its features and potential.
Summary of Transaction Details:
- Property Type: Retail
- Sale Price: $3,900,000
- Square Footage: 21,915
- Price Per Square Foot: $177
- Market: Hicksville
George Wong acted as the buyer in this transaction. Yorlyn Lopez, representing The Corcoran Group, served as the buyer's representative. The buyer's attorney in the deal was Daniel Shirazi.
Players
Hicksville 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93