Storage Deluxe Acquires Development Site In Valley Stream For $4.75M
SOLD
$4,750,000
New York
See Similar DealsDevelopment Site135,000 SF
Sold 08/07/2020
SOLD
Storage Deluxe Acquires Development Site In Valley Stream For $4.75M
750 W Merrick Rd, Valley Stream, NY 11580, USA
See Similar DealsDevelopment Site135,000 SF
Sold 08/07/2020
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$35
Total Square Footage:135,000 SF
Transaction Type:Sale
750 W Merrick Road in Valley Stream has been sold in a closed transaction. The development site was purchased by Storage Deluxe for a total price of $4,750,000. The property has a building square footage (BSF) of 135,000 and a price per building square footage (PPBSF) of $35.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,750,000
The buyer of the property is Storage Deluxe, represented by Jonathan Orr. The seller, 750 W. Merrick Road Realty Corp., was represented by Lou Sollecito. William Diana from Cushman & Wakefield served as the buyer's representative in the deal.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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