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104 Mineola Avenue

Ofeck Family Acquires Retail Property In Nassau County For $1.85M
SOLDRetail

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

Michael Tuccillo

Marcus & Millichap

Broker

$589.5M

vol

28 deals

Broker

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