Ofeck Family Acquires Retail Property In Nassau County For $1.85M
104 Mineola Avenue
$1,850,000
$548/SF
Building Size
3,372 SF
Asset Type
Retail
Closing
Aug 3, 2022
AI
The retail property located at 96-104 Mineola Ave. in Nassau County has been sold for $1,850,000. The property spans 3,372 square feet, resulting in a price per square foot of $548. The transaction was finalized on August 3, 2022. The buyer of the property was the Ofeck Family, while the seller was the Vohora Family.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,850,000
- Address: 96-104 Mineola Ave.
- Market: Nassau County
- Square Footage: 3,372
- Price per Square Foot: $548
The deal was facilitated by brokers Michael Tuccillo and Anthony Cerrone from The Tuccillo Group, representing Marcus & Millichap. Their expertise and negotiation skills played a significant role in the successful completion of the transaction.
Players
Fort Worth Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93