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John Crokos Acquires Mixed-Use Property In Valley Stream For $1.875M

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SOLD
$1,875,000

New York

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Mixed-use225 SF
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SOLD

John Crokos Acquires Mixed-Use Property In Valley Stream For $1.875M

396 Rockaway Ave, Valley Stream, NY 11580, USA

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Mixed-use225 SF
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$8333
Total Square Footage:225 SF
Transaction Type:Sale

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.

Players

Michael Florey
4 deals$16.2M volume(516) 965-3730
BROKER

Daniel Abbondandolo
Cushman & Wakefield
83 deals$505.1M volume(631) 425-1232
BROKER

Details

SOLD
IMAGE: Daniel Abbondandolo ADDRESS: 396-404 Rockaway Avenue MARKET: Valley Stream, Nassau ASSET TYPE: Mixed-use ASKING PRICE: $1,950,000 SALE PRICE: $1,875,000 SF: 8,300 PPSF: $225 UNITS: 4 Retail Stores & Warehouse PPU: $375,000 SELLER: Steve Birbach BUYER: John Crokos BROKER: Daniel Abbondandolo & Michael Florey @CushWake

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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