Updated Oct 28, 2024
Kay Development Acquires Industrial Property In Valley Stream For $1.75M
100 East Mineola Avenue, Valley Stream, NY 11580, USA
$1,750,000
$45/SF
Building Size
38,500 SF
Asset Type
Industrial
Closing
Dec 2, 2021
About this deal
AI
An industrial property located at 100 E Mineola Avenue in Valley Stream has been sold for $1,750,000. The property spans 38,500 square feet, resulting in a price per square foot of $45. The transaction took place on December 2, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,750,000
- Address: 100 E Mineola Avenue, Valley Stream
- Square Footage: 38,500
The buyer, Kay Development represented by Vassilis Kefalas, acquired the property from the seller, Dharsee Group represented by Hussein Dharsee. The transaction was facilitated by Elizabeth Holmes from The Rochlin Organization.
On the Map
$1,750,000
$45/SF
Industrial
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Valley Stream Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93