Agus Holdings Acquires Retail Property In Hempstead For $1.25M
692 Fulton Ave Hempstead, NY 11550, USA
$1,250,000
$416/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Mar 28, 2023
About this deal
AI
Agus Holdings, consisting of Adam Agus, Bruce Herman, and Meyer Tawil, has acquired a retail property located at 692 Fulton Avenue in Hempstead. This marks their third acquisition on this block. The property spans 3,000 square feet and was sold by Max Brusso for a total price of $1,250,000, resulting in a price per square foot of $417.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,250,000
- Address: 692 Fulton Avenue
- Market: Hempstead
- Buyer: Agus Holdings - Adam Agus, Bruce Herman & Meyer Tawil
- Seller: Max Brusso
- Square Footage: 3,000
- Price per Square Foot: $417
Please note that Agus Holdings is actively seeking acquisition opportunities in the NY/NJ markets. For further information, you can reach out to [email protected].
On the Map
$1,250,000
$416/SF
Retail
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Players
New York 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93