Constantino Alves Of Signature Premier Properties Represents Sale Of Multifamily Asset In Glen Cove For $2,000,000
70 Glen Cove Avenue & 68 Glen Cove Avenue
$2,000,000
$89/SF
Building Size
20,468 SF
Asset Type
MultiFamily
Closing
May 4, 2026
AI
The property asset involved in the transaction is a multifamily building located at 68-70 Glen Cove Avenue in Glen Cove, NY. It was sold for $2,000,000 with a total square footage of 20,468, reflecting a price per square foot of $97.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 68-70 Glen Cove Avenue
- Market: Glen Cove, NY
- Square Footage: 20,468
- Price Per Square Foot: $97
- Broker: Constantino Alves - Signature Premier Properties
Constantino Alves represented the seller in this transaction, facilitating the deal through Signature Premier Properties, showcasing the professional brokerage service involved in the process.
Players
Glen Cove MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93