Kay Development Acquires Industrial Property In Valley Stream For $1.75M
SOLD
$1,750,000
New York
See Similar DealsIndustrial38,500 SF
Sold 12/02/2021
SOLD
Kay Development Acquires Industrial Property In Valley Stream For $1.75M
100 East Mineola Avenue, Valley Stream, NY 11580, USA
See Similar DealsIndustrial38,500 SF
Sold 12/02/2021
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$45
Total Square Footage:38,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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