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1121 Jerusalem Ave, Unionda...

Marcus & Millichap Sells Uniondale Retail Property For $19.5M With Buyer's Rep John Krueger, Michael Helpern, Brad Nathanson, Barry Wolfe & Glen Kunofsky
SOLDRetail

Marcus & Millichap Sells Uniondale Retail Property For $19.5M With Buyer's Rep John Krueger, Michael Helpern, Brad Nathanson, Barry Wolfe & Glen Kunofsky

1121 Jerusalem Ave, Uniondale, NY 11553, USA

$19,500,000

$32/SF

Building Size

608,960 SF

Asset Type

Retail

Closing

Aug 19, 2020

AI

A retail property located at 1121 Jerusalem Ave in Uniondale has been sold for $19,500,000. The property spans 60,896 square feet and was purchased at a price of $320 per square foot.

Summary of transaction details

The deal was facilitated by a team of brokers from Marcus & Millichap, including John Krueger, Michael Helpern, Christopher Marks, Brad Nathanson, Barry Wolfe, and Glen Kunofsky. Shoprite Stores is the tenant of the retail property.

Players

Barry Wolfe

Marcus & Millichap

Broker

$118.5M

vol

16 deals

Broker
NNN Pro Group
NNN Pro GroupBrokerage

Uniondale Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.81%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93