Nilesh Kumar Soni Acquires Mixed-use Property In Eastern Nassau County For $2.5M
SOLD
$2,500,000
New York
See Similar DealsMixed-use10,000 SF
Sold 01/17/2022
SOLD
Nilesh Kumar Soni Acquires Mixed-use Property In Eastern Nassau County For $2.5M
153 Broadway, Hicksville, New York 11801, United States
See Similar DealsMixed-use10,000 SF
Sold 01/17/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$250
Total Square Footage:10,000 SF
Transaction Type:Sale
The mixed-use property located at 153 N. Broadway in Eastern Nassau County has been sold for $2,500,000. Spanning 10,000 square feet, the property was purchased by Nilesh Kumar Soni from the seller, Phillips Floral. The transaction was facilitated by Adam E. Rochlin, Elizabeth Holmes, and Maxx Rochlin from The Rochlin Organization. The property has a price per square foot of $250.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Date: 01/17/2022
- Address: 153 N. Broadway
- Market: Eastern Nassau County
- Buyer: Nilesh Kumar Soni
- Seller: Phillips Floral
- Brokers: Adam E. Rochlin, Elizabeth Holmes, and Maxx Rochlin - The Rochlin Organization
- Square Footage: 10,000
- Price per Square Foot: $250
The transaction involved the key individuals and companies mentioned above. Adam E. Rochlin, Elizabeth Holmes, and Maxx Rochlin from The Rochlin Organization represented the buyer, Nilesh Kumar Soni, in the transaction with Phillips Floral.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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