Updated Oct 28, 2024
Weiming Dong Acquires SFR In Plainview For $1.2M
69 Hope Drive, Plainview, New York 11803, United States
$1,238,000
$386/SF
Building Size
3,200 SF
Asset Type
Single Family Residence
Closing
Apr 25, 2022
About this deal
AI
The recently closed property transaction involved a Single Family Residence (SFR) located at 69 Hope Dr. in Plainview. The sale took place on April 26, 2022.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $1,238,000
- Address: 69 Hope Dr.
- Market: Plainview
The buyer of the property was Weiming Dong, while the seller was Sonu Batra, representing the Eastshore Group. The transaction was facilitated by Linda Freedman from Douglas Elliman Real Estate.
The property spans over 3,200 square feet, with a price per square foot (PPSF) of $386.
Note from The Eastshore Group: The Eastshore Group is actively seeking opportunistic buys in the Long Island market. For potential deals, please email [email protected] or call 917-445-6945.
Players
Plainview Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $386 per square foot on a published $1.2M for 3,200 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.81%
Cash-on-Cash
-3.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93