SOLD
The Almonte Family Acquires Merrick Retail Property For $18.5M
1902-2016 Merrick Road
Retail
37,792 SF
37,792 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Retail
37,792 sqft
The Merrick Shopping Center located at 1902-2016 Merrick Road in Merrick has been sold in a recent transaction. The retail property spans 37,792 square feet and is situated in a prime location. The sale price for this asset was $18,500,000, resulting in a price per square foot of $489.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,500,000
- Address: 1902-2016 Merrick Road, Merrick
- Market: Merrick
The Almonte Family acquired the Merrick Shopping Center from the Chosed Family. The sale of this trophy asset was facilitated by Michael Tuccillo and Matthew Klang from Marcus & Millichap-NY, along with David Robinov, Alan Goodkin, and Andrew Nahum from Ackman Ziff. This transaction attracted significant interest from local, regional, and national investors, demonstrating the appeal and value of the property.
For more information on this sale and other similar properties, please reach out to the representatives involved in the deal.
Players
All
7
Agents
5
Agencies
2
Details
SOLD
IMAGE: David Robinov, Matthew Klang, Michael Tuccillo, Andrew Nahum & Alan Goodkin
DATE: 08/26/2021
ADDRESS: 1902-2016 Merrick Road
MARKET: Merrick
ASSET TYPE: Retail
BUYER: The Almonte Family
SELLER: The Chosed Family
BROKERS: Michael Tuccillo & Matthew Klang - @MarcusMillichap_NY, David Robinov (@davidirobinov) , Alan Goodkin (@alan_goodkin) & Andrew Nahum (@anahum791) - @AckmanZiff
SALE PRICE: $18,500,000
SF: 37,792 ~ PPSF: $489
NOTE: @TheTuccilloGroup of Marcus & Millichap & Ackman Ziff negotiated the sale of the Merrick Shopping Center. This trophy asset garnered tremendous interest from local, regional & national investors. For more information on this sale as well as additional information on similar properties please reach out!View on map
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Address1902-2016 Merrick Road
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