Charles Chong pays $7M to William M. Nokolis for property in Nomad

Charles Chong through the entity 816 Enterprises LLC paid William M. Nokolis’s Nik-Lis Realty Corp. $6.9 million for 816 Avenue of the Americas in Nomad. The deal closed on September 19, 2019, and was recorded on October 2, 2019. The transaction consists of 1 parcel, including the tax class retail building with apartments above (K4). The property is 15,064 square feet. The parcel(s) have total development potential of 15,064 square feet.
The average sale price per square foot is $694.
The estimated cap rate is 3.2%

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Direct link to the city’s interactive property map, ZOLA. link

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