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
- Property Type: Retail
- Transaction Amount: $19,500,000
- Address: 1121 Jerusalem Ave, Uniondale
- Market: Uniondale
- Square Footage: 60,896
- Tenant: Shoprite Stores
- Brokers: John Krueger, Michael Helpern, Christopher Marks, Brad Nathanson, Barry Wolfe, and Glen Kunofsky – Marcus & Millichap
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
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