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
About this deal
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
Mattituck 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93