Updated Jun 1, 2026
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
About this deal
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.
On the Map
$2,000,000
$89/SF
MultiFamily
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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