Rajan Vohora Acquires Retail Property In Roslyn For $1.95M
SOLD
$1,950,000
+ 2
New York
See Similar DealsRetail6,034 SF
Sold 03/14/2024
SOLD
Rajan Vohora Acquires Retail Property In Roslyn For $1.95M
1326 Old Northern Boulevard
See Similar DealsRetail6,034 SF
Sold 03/14/2024
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$323
Total Square Footage:6,034 SF
Transaction Type:Sale
The retail property located at 1326 Old Northern Boulevard in Roslyn was recently sold in a transaction between buyer Rajan Vohora and seller Musiker Family. The property spans 6,034 square feet and was sold for $1,950,000, resulting in a price per square foot of $323.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,950,000
- Market: Roslyn
- Brokers: Stephen R. Preuss Sr., Kevin Louie, Andreas Efthymiou, Kevin Schmitz & Eric Delafraz - Ripco
The transaction was facilitated with the assistance of brokers Stephen R. Preuss Sr., Kevin Louie, Andreas Efthymiou, Kevin Schmitz, and Eric Delafraz from Ripco, who played a crucial role in representing the buyer and seller in the sale of this retail property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$103,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94
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