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Long Island
Posted: July 5, 2016
Coté of Sovereign Realty Group brokers $7.025 million sale; Seller was Allef Main Street LLC
111 Main Street - East Rockaway, NY
Clem Coté, Sovereign Realty GroupEast Rockaway, NY Clem Coté, managing principal of Sovereign Realty Group (SRG), has completed the $7.025 million sale of 111 Main St. The property currently serves as a Chase Bank location.
The subject sold for a cap rate of 4.46%. The seller was Allef Main Street Partners LLC. The buyer was a private investor.
SRG specializes in the sale of commercial real estate investment properties nationwide.
The majority of our business is focused on the sale of single tenant net leased (NNN) properties, retail shopping centers, neighborhood strip malls, and downtown mixed use buildings.
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Long Island
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