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6565 Main Road

David Shorenstein And Jason Breitstone Acquire Car Wash In Mattituck For $2.5M
SOLDRetail

David Shorenstein And Jason Breitstone Acquire Car Wash In Mattituck For $2.5M

6565 Main Road

$2,500,000

$83/SF

Building Size

30,000 SF

Asset Type

Retail

Closing

Dec 16, 2024

AI

The transaction involves a car wash located at 6565 Main Road in the Mattituck market. It was sold for $2,500,000, consisting of a total area of 30,000 square feet, resulting in a price per square foot of $83.

Summary of transaction details:

  • Property Type: Car Wash
  • Transaction Amount: $2,500,000
  • Address: 6565 Main Road
  • Market: Mattituck
  • Square Footage: 30,000
  • Price Per Square Foot: $83
  • Buyer: David Shorenstein & Jason Breitstone - Hildreth Advisors
  • Seller: Trish Watroba
  • Broker: Michael Steinberg - Hedgestone Business Advisors

David Shorenstein and Jason Breitstone represented Hildreth Advisors in this transaction. The seller, Trish Watroba, collaborated with broker Michael Steinberg from Hedgestone Business Advisors to facilitate the sale.

Players

HedgeStone Business Advisors
HedgeStone Business AdvisorsBrokerage

Mattituck Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93