Steve Roberts Acquires Retail Space At 71 Glen Cove Road From Robert Lin For $1.5M
SOLD
$1,500,000
New York
See Similar DealsRetail2,016 SF
Sold 06/17/2025
SOLD
Steve Roberts Acquires Retail Space At 71 Glen Cove Road From Robert Lin For $1.5M
71 Glen Cove Road
See Similar DealsRetail2,016 SF
Sold 06/17/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$744
Total Square Footage:2,016 SF
Transaction Type:Sale
The retail property located at 71 Glen Cove Road in Greenvale was sold for $1,500,000. The total square footage of the asset is 2,016, resulting in a price per square foot of $744.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,500,000
- Address: 71 Glen Cove Road
- Market: Greenvale
- Square Footage: 2,016
- Price Per Square Foot: $744
- Buyer: Steve Roberts
- Seller: Robert Lin
- Seller's Representative: Luca DiCiero & Giuseppe Gregorio - NY Space Finders
The buyer, Steve Roberts, completed the acquisition from the seller, Robert Lin, with representation from brokers Luca DiCiero and Giuseppe Gregorio affiliated with NY Space Finders, who facilitated the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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