Christopher Ronald Acquires Retail Property At 21 South Park Avenue From Henry Armen For $1.675M
21 South Park Avenue
$1,675,000
$634/SF
Building Size
2,640 SF
Asset Type
Retail
Closing
Dec 9, 2025
AI
The property asset located at 21 South Park Avenue in Rockville Centre is a retail space featuring a total square footage of 2,640. The sale was finalized at a price of $1,675,000, resulting in a price per square foot of $634.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,675,000
- Buyer: Christopher Ronald
- Seller: Henry Armen
- Broker: Tom Bigansky - North Village Realty
- Date of Sale: 12/10/2025
- Market: Rockville Centre
Tom Bigansky is associated with North Village Realty, a leading South Shore commercial real estate brokerage, representing the interests of both parties in this transaction.
Players
Rockville Centre 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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93