facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Sale

/

692 Fulton Ave Hempstead, N...

Agus Holdings Acquires Retail Property In Hempstead For $1.25M
SOLDRetail

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

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].

Players

Bruce Herman

Booth Street

Broker

$41.1M

vol

22 deals

Broker
Adam Agus

Adam Agus

Agus Holdings

Buyer

$11.1M

vol

11 deals

Buyer
Agus Holdings
Agus HoldingsBuyer

New York 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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93