John Crokos Acquires Mixed-Use Property In Valley Stream For $1.875M
396 Rockaway Ave, Valley Stream, NY 11580, USA
$1,875,000
$8,333/SF
Building Size
225 SF
Asset Type
Mixed-use
Closing
Nov 29, 2020
About this deal
AI
The mixed-use property located at 396-404 Rockaway Avenue in Valley Stream, Nassau has been sold in a closed transaction. The property consists of 4 retail stores and a warehouse, with a total of 8,300 square feet. The property was listed with an asking price of $1,950,000 and was ultimately sold for $1,875,000, resulting in a price per square foot of $225. Each retail store and the warehouse were sold individually for a price of $375,000.
Summary of transaction details:
- Property Type: Mixed-use
- Asking Price: $1,950,000
- Sale Price: $1,875,000
- Square Footage: 8,300
- Price per Square Foot: $225
- Number of Units: 4 Retail Stores & Warehouse
- Price per Unit: $375,000
Steve Birbach was the seller of the property, while John Crokos was the buyer. The transaction was facilitated by Daniel Abbondandolo and Michael Florey, representing CushWake.
On the Map
$1,875,000
$8,333/SF
Mixed-use
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Players
Valley Stream 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
8.46%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93