Adelaide Polsinelli, Laurence Ross and Ellen Volpe of The Platinum Team announced the sale of a shopping strip center occupied by a double net leased Walgreens in Deer Park, Long Island.Adelaide Polsinelli, Laurence Ross and Ellen Volpe of The Platinum Team announced the sale of a shopping strip center occupied by a double net leased Walgreens in Deer Park Deer Park. 1 Uninc. village (1990 pop. 28,840), Babylon town, Suffolk co., SE N.Y., a primarily residential suburb on Long Island. 2 City (1990 pop. 27,652), Harris co., SE Tex. , Long Island. The property sold for the asking Adv. 1. for the asking - on the occasion of a request; "advice was free for the asking" on request price of $6,450,000 and had a capitalization rate Capitalization Rate According to the Appraisal Institute, it is a method used to convert an estimate of a single year's income expectancy into an indication of value in one direct step, by dividing the income estimate by an appropriate rate. of 6.2%. This translated into a price of $460 per square foot. The Platinum Team procured a local buyer with a 1031 exchange and negotiated a deal with the seller's representatives Bruce Harris and Jeffrey Verchow, from Marcus and Millichap. The attorneys who handled the transaction were Arnold Mandell from Mandell & Mandell, and Lawrence Simon from Morrison & Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. . |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion