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81 Glen Cove Avenue

Angelo Famiglietti Acquires Mixed-Use Property In Glen Cove From Steven Oppedisano For $2.1M
SOLDMixed-use

Angelo Famiglietti Acquires Mixed-Use Property In Glen Cove From Steven Oppedisano For $2.1M

81 Glen Cove Avenue

$2,100,000

$305/SF

Building Size

6,884 SF

Asset Type

Mixed-use

Closing

May 11, 2025

AI

The property involved in this transaction is a mixed-use asset located at 81 Glen Cove Avenue in Glen Cove. The sale was completed for a total price of $2,100,000, encompassing a total square footage of 6,884 with a price per square foot of $305.

Summary of transaction details:

In this transaction, Angelo Famiglietti is the buyer, while Steven Oppedisano has sold the property. The brokerage involved, NY Space Finders, was represented by brokers Luca DiCiero, Giuseppe Gregorio, Claudia Sofia Florio, and Richard Florio, facilitating the successful deal.

Players

Luca DiCiero

NY Space Finders

Broker

$124.3M

vol

151 deals

Broker

Glen Cove 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93