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2163 North Pacific Street

Armond Aivazyan Of Surmount Represents Buyer In Retail Sale At 2163 North Pacific Street For $2.5M
SOLDRetail

Armond Aivazyan Of Surmount Represents Buyer In Retail Sale At 2163 North Pacific Street For $2.5M

2163 North Pacific Street

$2,500,000

$674/SF

Building Size

3,704 SF

Asset Type

Retail

Closing

Oct 29, 2025

AI

The property involved in this transaction is a retail asset located at 2163 North Pacific Street in the Mineola market. The sale transaction was completed for a total price of $2,500,000, covering a property area of 3,704 square feet, which equates to a price per square foot of $674.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,500,000
  • Address: 2163 North Pacific Street
  • Market: Mineola
  • Square Footage: 3,704
  • Price Per Square Foot: $674
  • Buyer's Representative: Armond Aivazyan - SURMOUNT
  • Seller's Representatives: Chris Urban & Brendan Murphy - SURMOUNT

The transaction highlights the involvement of Surmount Realty through its representatives, with Armond Aivazyan acting on behalf of the buyer, while Chris Urban and Brendan Murphy represented the seller in this retail property deal.

Players

Armond Aivazyan

Surmount

Broker

$21.1M

vol

4 deals

Broker
Surmount
SurmountBrokerage

Mineola 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93