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24 Main Street

Neiman Family Purchases Mixed-use Property From Salimi Family For $3.1 Million In Hempstead
SOLDMixed-use

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

Adam Traub

Broker

$68.9M

vol

15 deals

Broker

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