Juan Carlos Acquires Retail Property At 12 Northern Boulevard In Great Neck For $1.16M
12 Northern Boulevard
$1,160,000
$464/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Apr 28, 2025
AI
The retail asset located at 12 Northern Boulevard in Great Neck was sold for $1,160,000. The property has a total square footage of 2,500, resulting in a price per square foot of $464.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,160,000
- Address: 12 Northern Boulevard
- Market: Great Neck
- Square Footage: 2,500
- Price per Square Foot: $464
- Buyer: Juan Carlos
- Seller: David Cohen
- Brokers: Stephen R. Preuss Sr., Kevin Louie & Eric Delafraz - Ripco
This transaction involved key individuals including the buyer, Juan Carlos, and the seller, David Cohen, facilitated by brokers Stephen R. Preuss Sr., Kevin Louie, and Eric Delafraz, all representing Ripco in this deal.
Players
Great Neck 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
13.68%
Cash-on-Cash
-3.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93