Piyush Golia & Peter Cosentino Acquire Retail Property In Lake Grove For $42M
135 Alexander Avenue
$42,000,000
$840/SF
Building Size
50,000 SF
Asset Type
Retail
Closing
Dec 21, 2022
About this deal
AI
A retail property located at 135 Alexander Avenue in Lake Grove has been sold for $42,000,000. Spanning 50,000 square feet, the property was acquired by Piyush Golia and Peter Cosentino from seller Paul Bergman. The sale price reflects a per square foot value of $840.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $42,000,000
- Square Footage: 50,000
- Price per Square Foot: $840
- Address: 135 Alexander Avenue, Lake Grove
Raj Whadwa from Global Realty Services USA represented Piyush Golia and Peter Cosentino as their buyer's representative in the transaction, while Jeremy Issac served as the seller's representative.
On the Map
$42,000,000
$840/SF
Retail
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Lake Grove 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93