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
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