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908 Straight Path

Shalu Suri Acquires Retail Property In West Babylon, Long Island For $2.55M
SOLDRetail

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

Kevin Louie

Ripco

Broker

$1.1B

vol

131 deals

Broker

Shalu Suri

Buyer

$4.1M

vol

2 deals

Buyer
Hildreth Real Estate Advisors
Hildreth Real Estate AdvisorsSeller

West Babylon 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

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93