Lance Zar's Zar Capital Group Acquires Retail Property In Greenvale For $2.3M
SOLD
$2,300,000
New York
See Similar DealsRetail10,000 SF
Sold 12/15/2023
SOLD
Lance Zar's Zar Capital Group Acquires Retail Property In Greenvale For $2.3M
87 Glen Cove Road
See Similar DealsRetail10,000 SF
Sold 12/15/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$230
Total Square Footage:10,000 SF
Transaction Type:Sale
An retail property located at 87 Glen Cove Road in Greenvale has been sold for $2,300,000. The property spans approximately 10,000 square feet, resulting in a price per square foot of $230.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,300,000
- Address: 87 Glen Cove Road, Greenvale
- Market: Greenvale
The buyer of the property is Lance Zar from Zar Capital Group, while Stephen Vaccaro is the seller. The deal was facilitated by Michael Tuccillo from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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