Shalu Suri Acquires Retail Property In West Babylon, Long Island For $2.55M
908 Straight Path
$2,550,000
$264/SF
Building Size
9,650 SF
Asset Type
Retail
Closing
Dec 9, 2022
AI
The retail property located at 908 Straight Path in West Babylon, Long Island has been sold for $2,550,000. Spanning across 9,650 square feet, the property was acquired by Shalu Suri from Hildreth Real Estate Advisors. The deal was facilitated by Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie of Ripco Investment Sales. The property is situated in the thriving market of West Babylon, offering significant potential for the new owner.
Summary of transaction details
- Property Type: Retail
- Sale Price: $2,550,000
- Square Footage: 9,650
- Buyer: Shalu Suri
- Seller: Hildreth Real Estate Advisors
- Brokers: Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie - Ripco Investment Sales
Shalu Suri successfully purchased the retail property at 908 Straight Path with the assistance of Stephen R. Preuss Sr., Kevin Schmitz, Andreas Efthymiou, and Kevin Louie from Ripco Investment Sales. The property, situated in the West Babylon market of Long Island, offers ample opportunities for the new owner to capitalize on its favorable location and vibrant market environment.
Players
West Babylon 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93