Hildreth Real Estate Advisors Acquires Retail Property In Hauppauge For $1.62M
676 Motor Pkwy, Hauppauge, New York 11717, United States
$1,620,000
$305/SF
Building Size
5,300 SF
Asset Type
Retail
Closing
Jan 24, 2022
AI
The retail property located at 676 Motor Pkwy. in Hauppauge has been sold. The sale transaction took place on 01/25/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,620,000
- Square Footage: 5,300
- Price per Square Foot: $305
- Address: 676 Motor Pkwy., Hauppauge
- Market: Hauppauge
The buyer, Hildreth Real Estate Advisors, represented by David Shorenstein, Jason Breitstone, Max Padway, and Yair Sarraf, acquired the property from the seller, Mark S.Eghrari. The purchase was made at an 8.7% going-in cap rate.
Hildreth Real Estate Advisors is actively searching for multi-tenant retail properties. For new deals, please contact them at [email protected].
Players
Hauppauge 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
9.79%
Cash-on-Cash
-2.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93