Mott Management Acquires Two Buildings In Valley Stream, New York For $2.3M

The property involved in this transaction is a mixed-use building and a vacant office building with parking located at 137-147 S. Franklin Avenue, Valley Stream, New York. The property spans approximately 14,736 square feet and was sold at a price of $2,300,000, resulting in a price per square foot of $156. The cap rate for this transaction is 4.88%. The market for this property is in Nassau County.

Summary of transaction details:

• Property Type: One Mixed-Use Building and One Vacant Office Building With Parking
• Transaction Amount: $2,300,000
• Square Footage: 14,736 sf (Approx.)
• Price Per Square Foot: $156/SF
• Cap Rate: 4.88%
• Market: Nassau County

The seller in this transaction is South Franklin Associates, LLC, while the buyer is Mott Management. The broker involved in this deal is Stephen R. Preuss.