Allon Avgi Acquires Note On Defaulted Loan For $2,750,000 From Kennedy Lewis In Massapequa

The transaction involved a note on a defaulted loan associated with a vacant two-story retail building located at 1000 Sunrise Highway in Massapequa. The sale price was $2,750,000, and the property measures 42,984 square feet. It is situated on a 1.37-acre lot and was delivered vacant at the time of the sale.

Summary of transaction details:

• Property Type: Note / Loan
• Transaction Amount: $2,750,000
• Square Footage: 42,984
• Address: 1000 Sunrise Highway
• Market: Massapequa
• PPSF: $63
• Buyer: Allon Avgi
• Seller: Kennedy Lewis
• Brokers: Scott Plasky - Marcus & Millichap & Spencer Kirsch - Mission Capital Advisors

Scott Plasky from Marcus & Millichap and Spencer Kirsch from Mission Capital Advisors facilitated the transaction, representing the interests of both parties involved in the deal. Additionally, both brokers are available for inquiries regarding similar Metro NYC value-add and retail opportunities.