DDS Acquires Retail Property On 648 Route 25A In Rocky Point
SOLD
$1,365,000
New York
See Similar DealsRetail4,000 SF
Sold 01/14/2022
SOLD
DDS Acquires Retail Property On 648 Route 25A In Rocky Point
648 Route 25a, Rocky Point, New York 11778, United States
See Similar DealsRetail4,000 SF
Sold 01/14/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$341
Total Square Footage:4,000 SF
Transaction Type:Sale
An approximately 4,000 square feet retail property located at 648 Route 25A in Rocky Point has been sold for a price of $1,365,000. The property was sold on 01/14/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,365,000
- Address: 648 Route 25A
- Market: Rocky Point
The buyer of the property is DDS, represented by Nick Augenbaum and Eliot Koschitzki. The seller of the property is Dr. Robert Guarino. Josh Augenbaum from Augenbaum Realty Corp. acted as the buyer's representative, while Chris Pappas and Rebecca Sysers from Compass Real Estate represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,849.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,470.80
Annual Debt Service$77,649.56
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