Dan Flynn Acquires Retail Property In Hauppauge, Long Island For $2.35M
676 Motor Parkway
$2,350,000
$443/SF
Building Size
5,300 SF
Asset Type
Retail
Closing
Oct 7, 2022
About this deal
AI
The retail property located at 676 Motor Pkwy in Hauppauge, Long Island has been sold for $2,350,000. The property spans 5,300 square feet, resulting in a price per square foot of $443. The transaction took place on 10/07/2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,350,000
- Address: 676 Motor Pkwy, Hauppauge, Long Island
- Square Footage: 5,300
- Price per Square Foot: $443
Dan Flynn has purchased the property from Hildreth Real Estate Advisors. The transaction was facilitated by brokers Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie from Ripco.
Players
Hauppauge 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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93