Neiman Family Purchases Mixed-use Property From Salimi Family For $3.1 Million In Hempstead
SOLD
$3,100,000
New York
See Similar DealsMixed-use25,806 SF
Sold 08/07/2025
SOLD
Neiman Family Purchases Mixed-use Property From Salimi Family For $3.1 Million In Hempstead
24 Main Street
See Similar DealsMixed-use25,806 SF
Sold 08/07/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$120
Total Square Footage:25,806 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$165,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98
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