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
About this deal
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.
On the Map
$2,300,000
$230/SF
Retail
View full map
Players
Greenvale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Tuccillo to view all their deals.
Browse Greenvale retail sales on Traded.
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