James Chitty & Nick Piazza Acquire Retail Property In Long Island For $1.1M
970 Fulton Street, Farmingdale, New York 11735, United States
$1,100,000
$195/SF
Building Size
5,618 SF
Asset Type
Retail
Closing
Mar 22, 2022
About this deal
AI
A retail property located at 970 Fulton Street in Long Island has been sold in a recent transaction. The property, spanning 5,618 square feet, was purchased for a sale price of $1,100,000. The price per square foot comes out to be $195.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $1,100,000
- Square Footage: 5,618
- Address: 970 Fulton Street
- Market: Long Island
The buyer of the retail property is James Chitty and Nick Piazza, while the seller is Phillip Bonaddonna. The transaction was facilitated by Luca Di Ciero and Giuseppe Gregorio from NY Space Finders. Luca Di Ciero can be reached at [email protected], and Giuseppe Gregorio's email is [email protected].
Players
Farmingdale 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93