Updated Aug 18, 2026
Compass Brokers Arthur Porosoff And Alessandro Lima Complete Retail Sale In Elizabeth City For $6,480,000
405 Halstead Blvd
$6,480,000
Lot Size
16,553 SF
Asset Type
Retail
Closing
Oct 15, 2025
About this deal
AI
The property asset involved in the transaction is a retail space located at 405 Halstead Blvd in Elizabeth City. The sale was completed for a total price of $6,480,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,480,000.00
- Sale Date: 10/15/2025
- Market: Elizabeth City
- Address: 405 Halstead Blvd
- Brokers involved: Arthur Porosoff, Alessandro Lima (Compass), Justin Natalizio
Arthur Porosoff, Alessandro Lima, and Justin Natalizio were instrumental in facilitating the transaction, representing the interests of the parties involved. Their expertise in the market contributed to the successful closing of this retail property sale.
Players
Elizabeth City 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
2.45%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93