AJM RE Acquires Retail Property In Suffolk County For $3.3M
505 Walt Whitman Rd
$3,300,000
$358/SF
Building Size
9,200 SF
Asset Type
Retail
Closing
Sep 16, 2022
About this deal
AI
The retail property located at 505 Walt Whitman Rd. in Suffolk County has been sold for a price of $3,300,000. The property spans a total area of 9,200 square feet, resulting in a price per square foot of $358. The transaction took place on September 16, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,300,000
- Address: 505 Walt Whitman Rd., Suffolk County
- Market: Suffolk County
The buyer in this transaction is AJM RE represented by Adam Mann. The broker involved in the deal is Michael Gronenthal from Douglas Elliman.
On the Map
$3,300,000
$358/SF
Retail
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Players
Melville 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93