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Emmanuel Hirakis Purchases Mixed-Use Building In College Point For $900,000 With Broker Rodney Nassimian

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SOLD
$900,000

New York

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Mixed-use5,145 SF
Sold 11/20/2025
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Property Image
SOLD

Emmanuel Hirakis Purchases Mixed-Use Building In College Point For $900,000 With Broker Rodney Nassimian

116 01 14th Road

See Similar Deals
Mixed-use5,145 SF
Sold 11/20/2025
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$174
Total Square Footage:5,145 SF
Transaction Type:Sale

The property asset involved in this transaction is a mixed-use building located at 116-01 14th Road & 116-03 14th Road in College Point. The sale price of the property was $900,000, comprising 4 residential units and 2 commercial spaces, with a total square footage of 5,145. The price per unit (PPU) is noted at $225,000, and the price per square foot (PPSF) is $174. This marks the first sale since the 1990s.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $900,000
  • Units: 4
  • Price Per Unit: $225,000
  • Square Footage: 5,145
  • Price Per Square Foot: $174
  • Buyer: Emmanuel Hirakis
  • Seller: Norman Mirsky
  • Broker: Rodney Nassimian - Highcap Group

The key individuals involved in this deal are Emmanuel Hirakis, who acted as the buyer, and Norman Mirsky, the seller of the property. The transaction was brokered by Rodney Nassimian, representing the Highcap Group, who assisted in facilitating this deal.

Players

Rodney Nassimian
18 deals$73.1M volume(516) 424-7455
BROKER

Details

SOLD
IMAGE: Rodney Nassimian DATE: 11/20/2025 ADDRESS: 116-01 14th Road & 116-03 14th Road MARKET: College Point ASSET TYPE: Mixed-use BUYER: Emmanuel Hirakis SELLER: Norman Mirsky BROKER: Rodney Nassimian (@OldRodIsBack) - Highcap Group (@Highcap_Group) SALE PRICE: $900,000 UNITS: 4 ~ PPU: $225,000 SF: 5,145 ~ PPSF: $174 NOTE FROM BROKER: First sale since 1990s; corner mixed use building with 4 free market units and 2 commercial spaces. Please contact Rodney at 516-424-7455 or [email protected] if you are interested in buying or selling.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$48,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
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