Dr. Abdul Malik Acquires Retail Property In Commack For $1.3M
95 Commack Rd, Commack, NY 11725, USA
$1,267,500
$298/SF
Building Size
4,240 SF
Asset Type
Retail
Closing
Nov 6, 2019
About this deal
AI
A retail property located at 95 Commack Road in Commack, Suffolk County has been sold in a closed transaction. The property consists of three retail units and was purchased for a total of $1,267,500. The seller of the property was Heui Il Cho, while the buyer was Dr. Abdul Malik. The transaction was facilitated by Eugene Kim and Thomas Donovan of B6 Real Estate Advisors.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,267,500
- Address: 95 Commack Road
- Market: Commack, Suffolk County
- Units: 3 retail units
- Price per unit: $422,500
- Seller: Heui Il Cho
- Buyer: Dr. Abdul Malik
- Brokers: Eugene Kim - B6 Real Estate Advisors & Thomas Donovan - B6 Real Estate Advisors
- Square footage: 4,240
- Price per square foot: $298
Eugene Kim and Thomas Donovan, representing B6 Real Estate Advisors, played a crucial role in facilitating the transaction. The deal showcases their expertise in the retail property sector. The property's location in Commack, Suffolk County makes it an attractive investment opportunity. This transaction further demonstrates the strong demand for retail properties in the area.
Players
Commack 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
12.52%
Cash-on-Cash
-3.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93