Sami Jamal Purchases Retail Asset At 1969 E Main Street From Gianni Scipioni For $1.15M

The retail property located at 1969 E Main Street in Mohegan Lake has been sold for $1,150,000. The asset encompasses a total area of 3,232 square feet, resulting in a price per square foot of $355.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,150,000
• Sale Price Per Square Foot: $355
• Square Footage: 3,232
• Address: 1969 E Main Street
• Market: Mohegan Lake
• Cap Rate: 6%

The deal involved buyer Sami Jamal purchasing the property from seller Gianni Scipioni. The transaction was represented by brokers Sean Campbell, Michael Scrima, and Thomas Gorman Jr. from Houlihan Lawrence Commercial.