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.
Players
Deer Park 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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93