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Peter Khod Acquires Retail Property At 519-521 Middle Neck Road In Great Neck For $2M

Property Image
SOLD
$2,000,000

New York

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Retail2,580 SF
Sold 11/26/2024
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Property Image
SOLD

Peter Khod Acquires Retail Property At 519-521 Middle Neck Road In Great Neck For $2M

519-521 Middle Neck Road

See Similar Deals
Retail2,580 SF
Sold 11/26/2024
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$775
Total Square Footage:2,580 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 519-521 Middle Neck Road in Great Neck. It was sold for $2,000,000 and encompasses a total area of 2,580 square feet, translating to a price per square foot of $775. The property was delivered occupied with long-term tenants.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,000,000
  • Square Footage: 2,580
  • Price per Square Foot: $775
  • Buyer: Peter Khod
  • Seller: Charles Guru
  • Broker: David Payami - Capital Property Partners
  • Market: Great Neck

David Payami of Capital Property Partners represented the buyer, Peter Khod, in this transaction. David has an active 1031 buyer looking for retail and office properties in Great Neck. Interested parties can reach out to David for off-market opportunities. Contact details include email [email protected] and direct phone number 516-996-7978.

Players

David Payami
6 deals$19.6M volume
BROKER

Details

SOLD
IMAGE: David Payami DATE: 11/26/2024 ADDRESS: 519-521 Middle Neck Road MARKET: Great Neck ASSET TYPE: Retail BUYER: Peter Khod SELLER: Charles Guru BROKER: David Payami (@David_Payami_RealEstate_) - Capital Property Partners SALE PRICE: $2,000,000 SF: 2,580 ~ PPSF: $775 NOTE FROM BROKER: David Payami of Capital Property Partners represented the buyer in this transaction. Property was delivered occupied with long term tenants. David has a active 1031 buyer who is looking for retail/office properties in Great Neck, if you're interested in receiving a off market offer on your property, reach out to David today. Email: [email protected] Direct: 516-996-7978

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
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