Steve Roberts Acquires Retail Space At 71 Glen Cove Road From Robert Lin For $1.5M
71 Glen Cove Road
$1,500,000
$744/SF
Building Size
2,016 SF
Asset Type
Retail
Closing
Jun 16, 2025
AI
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.
Players
Greenvale 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93