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

Property Image
SOLD
$19,500,000
Michael Helpern
Christopher "Chris" Marks
Brad Nathanson
+ 3

New York

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Retail608,960 SF
Sold 08/20/2020
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
Retail608,960 SF
Sold 08/20/2020
Michael Helpern
Christopher "Chris" Marks
Brad Nathanson
+ 3
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$32
Total Square Footage:608,960 SF
Transaction Type:Sale

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
Barry Wolfe
16 deals$118.5M volume(954) 245-3400
BROKER
Brad Nathanson
Institutional Property Advisors
Brad Nathanson
15 deals$488.2M volume(215) 531-7000
BROKER
Christopher "Chris" Marks
Marcus & Millichap
Christopher Marks
7 deals$75M volume(212) 430-5173
BROKER
Michael Helpern
Marcus & Millichap
Michael Helpern
1 deal$19.5M volume(917) 582-4032
BROKER
John Krueger
Marcus & Millichap
John Krueger
6 deals$74M volume
BROKER
NNN Pro Group
NNN Pro Group
BROKERAGE

Details

SOLD
IMAGE: John Krueger, Michael Helpern, Brad Nathanson, Barry Wolfe & Glen Kunofsky DATE: 08/20/2020 ADDRESS: 1121 Jerusalem Ave MARKET: Uniondale ASSET TYPE: Retail PRICE: $19,500,000 SF: 60,896 PSF: $320 TENANT: @ShopriteStores BROKERS: John Krueger, Michael Helpern, Christopher Marks, Brad Nathanson, Barry Wolfe & Glen Kunofsky – Marcus & Millichap NOTE: Wakefern Food Corp., […]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,039,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$69,279.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,439.95
Annual Debt Service$1,109,279.38