facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Sale

/

87 Glen Cove Road

Lance Zar's Zar Capital Group Acquires Retail Property In Greenvale For $2.3M
SOLDRetail

Lance Zar's Zar Capital Group Acquires Retail Property In Greenvale For $2.3M

87 Glen Cove Road

$2,300,000

$230/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Dec 15, 2023

AI

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.

Players

Michael Tuccillo

Marcus & Millichap

Broker

$589.5M

vol

28 deals

Broker

Lance Zar

Zar Capital Group

Buyer

$28.8M

vol

5 deals

Buyer

Greenvale Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93