Hildreth Real Estate Advisors Acquires Retail Property In Hauppauge For $1.62M
SOLD
$1,620,000
+ 1
New York
See Similar DealsRetail5,300 SF
Sold 01/25/2022
SOLD
Hildreth Real Estate Advisors Acquires Retail Property In Hauppauge For $1.62M
676 Motor Pkwy, Hauppauge, New York 11717, United States
See Similar DealsRetail5,300 SF
Sold 01/25/2022
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$305
Total Square Footage:5,300 SF
Transaction Type:Sale
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].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,755.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,679.63
Annual Debt Service$92,155.52
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