Tony D'Alto Acquires Retail Property On 606 Long Beach Blvd. In Nassau County For $7.15M
606 Long Beach Boulevard, Long Beach, New York 11561, United States
$7,150,000
$535/SF
Building Size
13,350 SF
Asset Type
Retail
Closing
May 25, 2022
AI
The closing of a single tenant Walgreen's located at 606 Long Beach Blvd., Long Beach, NY 11561, USA has been announced by Five Point Real Estate. The retail property was sold for $7,150,000 at a 5% cap rate. Spanning across 13,350 square feet, the property is situated in Nassau County's market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,150,000
- Address: 606 Long Beach Blvd., Long Beach, NY 11561, USA
- Market: Nassau County
Jerry Mancini and Tyler Cranz from Five Point Real Estate represented both parties in this deal. For further information, interested parties can reach out to Five Point at [email protected].
Players
Long Beach 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
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93