Peter Parktoo Purchases Retail Building From Sal Parmegiano For $1.6 Million In Roslyn Heights
177 Mineola Avenue
$1,600,000
$340/SF
Building Size
4,695 SF
Asset Type
Retail
Closing
Jul 23, 2025
AI
The property asset involved is a two-story free-standing retail building located at 177 Mineola Avenue, situated in the market of Roslyn Heights & Long Island. The sale price of the property was $1,600,000, and it encompasses a total square footage of 4,695, resulting in a price per square foot of $340.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,600,000
- Address: 177 Mineola Avenue
- Market: Roslyn Heights & Long Island
- Square Footage: 4,695
- Price per Square Foot: $340
- Buyer: Peter Parktoo
- Seller: Sal Parmegiano
- Broker Representatives: Luca DiCiero & Giuseppe Gregorio - NY Space Finders
The transaction involved key individuals, with Peter Parktoo taking on the role of the buyer and Sal Parmegiano as the seller. The brokers representing the parties in this transaction were Luca DiCiero and Giuseppe Gregorio from NY Space Finders, facilitating the deal for both sides.
Players
Roslyn Heights 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93