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
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