Regency Centers Acquires Westbury Plaza Retail Property In Hempstead For $108.6M
900 Old Country Rd, Westbury, NY 11590, USA
Building Size
312,316 SF
Asset Type
Retail
Closing
Mar 1, 2017
About this deal
AI
The Westbury Plaza, located at 900 Old Country Rd in New York's Hempstead market, was sold in March 2017 for a price of $108,557,565.80. The retail/mall property, owned by Equity One, was purchased by Regency Centers.
Summary of transaction details
- Property Type: Retail/Mall
- Transaction Amount: $108,557,565.80
- Seller: Equity One
- Buyer: Regency Centers
Equity One, represented by their broker, was the seller in this transaction, while Regency Centers, also represented by their broker, was the buyer.
Traded’s record for 900 Old Country Rd, Westbury, NY 11590, USA in Westbury, New York covers a retail sale from 2017. The building is 312,316 square feet, implying about 0 per square foot on the published price. This page is the Westbury, New York file for the 900 Old Country Rd, Westbury, NY 11590, USA retail sold: pricing, party profiles, and other closed retail comps from the same Westbury sit in the Market section below. Filter that Westbury retail set by closing date to see what else sold near 900 Old Country Rd, Westbury, NY 11590, USA around 2017. Cite this Regency Centers Acquires Westbury Plaza Retail Property In Hempstead For $108.6M sale when underwriting similar retail product around Westbury, New York.
Players
Westbury Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93