AJM RE Acquires Retail Property In Suffolk County For $3.3M
SOLD
$3,300,000
New York
See Similar DealsRetail9,200 SF
Sold 09/16/2022
SOLD
AJM RE Acquires Retail Property In Suffolk County For $3.3M
505 Walt Whitman Rd
See Similar DealsRetail9,200 SF
Sold 09/16/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$358
Total Square Footage:9,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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