Updated Oct 29, 2024
Storage Deluxe Acquires Development Site In Valley Stream For $4.75M
750 W Merrick Rd, Valley Stream, NY 11580, USA
$4,750,000
$35/SF
Building Size
135,000 SF
Asset Type
Development Site
Closing
Aug 6, 2020
About this deal
AI
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
Valley Stream Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93