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Americo Fascetti Acquires Retail Strip Center In Suffolk County For $2.7M

Property Image
SOLD
$2,700,000
Suiv Lee
Michael Gronenthal

New York

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Retail6,000 SF
Sold 06/13/2022
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Property Image
SOLD

Americo Fascetti Acquires Retail Strip Center In Suffolk County For $2.7M

117 Terry Road, Smithtown, New York 11787, United States

See Similar Deals
Retail6,000 SF
Sold 06/13/2022
Suiv Lee
Michael Gronenthal
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$450
Total Square Footage:6,000 SF
Transaction Type:Sale

A retail strip center located at 117 Terry Rd. in Suffolk County has been sold for $2,700,000. The property spans 6,000 square feet, resulting in a price per square foot of $450. The transaction took place on June 13, 2022. The buyer, Americo Fascetti, acquired the property from the seller, Galleria Terry.

Summary of transaction details

  • Property Type: Retail Strip Center
  • Transaction Amount: $2,700,000
  • Address: 117 Terry Rd., Suffolk County
  • Square Footage: 6,000
  • Price per Square Foot: $450

Suiv Lee from Douglas Elliman represented Americo Fascetti as the buyer's agent in the deal, while Michael Gronenthal, also from Douglas Elliman, served as the seller's representative for Galleria Terry. If you are interested in similar off-market investment or 1031 opportunities in Nassau and Suffolk County, you can reach out to Michael Gronenthal at [email protected].

Players

Michael Gronenthal
Douglas Elliman
Michael Gronenthal
38 deals$106.7M volume(516) 439-6789
BROKER
Suiv Lee
Douglas Elliman
Suiv Lee
3 deals$8.7M volume(516) 301-8476
BROKER

Details

SOLD
IMAGE: Michael Gronenthal & Suiv Lee DATE: 06/13/2022 ADDRESS: 117 Terry Rd. MARKET: Suffolk County ASSET TYPE: Retail Strip Center BUYER: Americo Fascetti SELLER: Galleria Terry BUYER’S REP: Suiv Lee - Douglas Elliman (@DouglasEllimanCommercialLI) SELLER’S REP: Michael Gronenthal (@Michael.Gronenthal) - Douglas Elliman (@DouglasEllimanCommercialLI) SALE PRICE: $2,700,000 SF: 6,000 ~ PPSF: $450 NOTE FROM @Michael.Gronenthal: For similar off market investment or 1031 opportunities in Nassau & Suffolk County please email [email protected]

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Debt Service Coverage Ratio (DSCR)

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