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Brokerage
Posted: October 8, 2010
Nouvini Property Investments acquires 18,400 s/f retail center for $2.75 milion
David Nouvini, president of Nouvini Property Investments, has closed on an 18,400 s/f retail center within 21 days of signing the contract. The fully-occupied center was acquired through an all cash purchase in the amount of $2.75 million. The capitalization rate amounts to 10%. National tenants occupy 43% of the center. It is located at the intersection of Park Ave. and Merrick Rd. Schuckman Realty Inc. represented the sellers, Wolff, Newmark & Wolff, Inc. Nouvini was represented by Andrew Brenner of Prime Realty Properties & Management, Inc.
Nouvini Property Investments continues to seek investment opportunities nationwide.
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