Karim Rahimi Purchases Retail Property On Deer Park Avenue From David Shorenstein For $3,050,000
1858 Deer Park Avenue
$3,050,000
$415/SF
Building Size
7,350 SF
Asset Type
Retail
Closing
Aug 12, 2026
About this deal
AI
The asset involved in this transaction is a retail strip center located at 1858 Deer Park Avenue in Deer Park, NY. The sale price for the property was $3,050,000, encompassing a total area of 7,350 square feet, equating to a price per square foot of $414.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,050,000
- Address: 1858 Deer Park Avenue
- Market: Deer Park
- Square Feet: 7,350
- Price per Square Foot: $414
- Buyer: Karim Rahimi
- Seller: David Shorenstein
- Seller's Representative: Michael Tuccillo & Kenton Kim - Marcus & Millichap
This transaction was facilitated by Michael Tuccillo and Kenton Kim, representing the seller David Shorenstein through Marcus & Millichap. The Tuccillo Group is currently handling multiple retail strip center listings across Long Island, suggesting an ongoing focus on this type of real estate opportunity.
On the Map
$3,050,000
$415/SF
Retail
View full map
Players
Deer Park Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Tuccillo 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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93