Pervez Khan's Khan Capital Group Acquires Mixed-Use Property In Valley Stream For $1.75M
SOLD
$1,750,000
New York
See Similar DealsMixed-use10,000 SF
Sold 05/16/2022
SOLD
Pervez Khan's Khan Capital Group Acquires Mixed-Use Property In Valley Stream For $1.75M
161 Rockaway Avenue
See Similar DealsMixed-use10,000 SF
Sold 05/16/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$175
Total Square Footage:10,000 SF
Transaction Type:Sale
A mixed-use property located at 161 Rockaway Ave. in Valley Stream has been sold in a recent transaction. The property, spanning 10,000 square feet, was sold for a total price of $1,750,000, resulting in a price per square foot of $175.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,750,000
- Address: 161 Rockaway Ave.
- Market: Valley Stream
The buyer of the property was Khan Capital Group, represented by Pervez Khan. The seller of the property was Lucy Choi.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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