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153 Broadway, Hicksville, N...

Nilesh Kumar Soni Acquires Mixed-use Property In Eastern Nassau County For $2.5M
SOLDMixed-use

Nilesh Kumar Soni Acquires Mixed-use Property In Eastern Nassau County For $2.5M

153 Broadway, Hicksville, New York 11801, United States

$2,500,000

$250/SF

Building Size

10,000 SF

Asset Type

Mixed-use

Closing

Jan 16, 2022

AI

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.

Players

Adam Rochlin

The Rochlin Organization

Broker

$94.9M

vol

7 deals

Broker

Hicksville 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93