Pervez Khan's Khan Capital Group Acquires Mixed-Use Property In Valley Stream For $1.75M
161 Rockaway Avenue
$1,750,000
$175/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
May 16, 2022
About this deal
AI
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.
The mixed use sale at 161 Rockaway Avenue in New York, New York sold for $1.8M in 2022. The building is 10,000 square feet, implying about 175 per square foot on the published price. Luca DiCiero, Giuseppe Gregorio, Pervez Khan, NY Space Finders appear on the sale alongside NY Space Finders. This page is the New York, New York file for the 161 Rockaway Avenue mixed use sold: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else sold near 161 Rockaway Avenue around 2022. Published consideration for 161 Rockaway Avenue is $1.8M, dated 2022. Cite this Pervez Khan's Khan Capital Group Acquires Mixed-Use Property In Valley Stream For $1.75M sale when underwriting similar mixed use product around New York, New York.
Players
New York 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93