Besen & Associates, Inc. announced that they have been selected to market for sale Emerson Plaza in Valley Stream, a package of two neighboring retail buildings totaling 25,840 built square feet with 16 stores/offices plus parking.Besen & Associates, Inc. announced that they have been selected to market for sale Emerson Plaza in Valley Stream, a package of two neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. retail buildings totaling 25,840 built square feet with 16 stores/offices plus parking. The Property is located at 131-169 East Merrick Road Merrick Road, named Merrick Boulevard inside New York City, is a road running from Jamaica, Queens, New York east through Merrick, New York to the line between Nassau and Suffolk Counties, where it becomes Montauk Highway. , a high traffic retail corridor in Long Island just over the Queens border. The transaction is being marketed at an asking price of $7.8 million or a 6.9% 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. . Matthew Matthew one of the twelve disciples. [N.T.: Matthew] See : Evangelism Slonim is handling the sale. |
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