Neiman Family Purchases Mixed-use Property From Salimi Family For $3.1 Million In Hempstead
24 Main Street
$3,100,000
$120/SF
Building Size
25,806 SF
Asset Type
Mixed-use
Closing
Aug 6, 2025
AI
The asset involved in this transaction is a mixed-use property located at 24 Main Street in Hempstead, with a total square footage of 25,806. The sale price achieved for the property was $3,100,000, which translates to a price per square foot of $120.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,100,000
- Buyer: Neiman Family
- Seller: Salimi Family
- Broker: Adam Traub - Curb Capital
The Neiman Family acquired the property from the Salimi Family, with the transaction facilitated by broker Adam Traub representing Curb Capital. This transaction highlights the involvement of key stakeholders in the closed deal.
Players
Hempstead 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93