Mott Management Acquires Two Buildings In Valley Stream, New York For $2.3M
137 S Franklin Ave, Valley Stream, NY 11580, USA
Building Size
14,736 SF
Asset Type
Mixed-use
Closing
Nov 28, 2020
About this deal
AI
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.
On the Map
Mixed-use
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Players
Valley Stream Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93