DDS Acquires Retail Property On 648 Route 25A In Rocky Point
648 Route 25a, Rocky Point, New York 11778, United States
$1,365,000
$341/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Jan 14, 2022
About this deal
AI
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.
On the Map
$1,365,000
$341/SF
Retail
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Players
Rocky Point 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
11.62%
Cash-on-Cash
-3.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93