Nevin Baratian Acquires Retail Property In Merrick For $1.65M
1833 Sunrise Highway, Merrick, New York 11566, United States
$1,650,000
$267/SF
Building Size
6,162 SF
Asset Type
Retail
Closing
Jul 15, 2020
About this deal
AI
A retail property located at 1833 Sunrise Hwy. in Merrick has recently been sold in a closed transaction. The property spans an area of 6,162 square feet, with a price-per-square-foot (PPSF) value of $267. The sale took place on July 15, 2021, and the transaction involved the following parties:
- Buyer: Nevin Baratian
- Seller: Guy Savia
- Brokers: Lauren Santaniello & Dominique Florio
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,650,000
- Address: 1833 Sunrise Hwy., Merrick
- Market: Merrick
The sale was facilitated by brokers Lauren Santaniello and Dominique Florio. They represented the buyer, Nevin Baratian, and the seller, Guy Savia, in this transaction.
On the Map
$1,650,000
$267/SF
Retail
View full map
Players
Merrick Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Lauren Santaniello to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93