Daniel Nicholos Acquires Mixed-use Property In Rockville Centre From CD Island For $960,000
228 Merrick Road
$960,000
$333/SF
Building Size
2,880 SF
Asset Type
Mixed-use
Closing
Aug 21, 2026
About this deal
AI
This mixed-use property located at 228 Merrick Road in Rockville Centre, NY, was sold for $960,000. The asset consists of 2,880 square feet, with a price per square foot of $333.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $960,000
- Buyer: Daniel Nicholos
- Seller: CD Island
- Buyer's Representative: Tom Bigansky - North Village Realty
- Date of Sale: 08/21/2026
North Village Realty, represented by Tom Bigansky, is known for its specialization in South Shore commercial real estate, providing expertise in navigating transactions within this market.
On the Map
$960,000
$333/SF
Mixed-use
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Players
Rockville Centre Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.52%
Cash-on-Cash
-4.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93