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207-225 West Merrick Road, ...

Regency Centers Acquires Long Island Retail Portfolio For $130M
SOLDRetail

Regency Centers Acquires Long Island Retail Portfolio For $130M

207-225 West Merrick Road, Valley Stream, New York 11580, United States

$130,000,000

$325/SF

Building Size

400,000 SF

Asset Type

Retail

Closing

Jan 7, 2022

AI

Regency Centers has acquired a retail property portfolio on Long Island for $130,000,000. The portfolio includes four properties: 207-225 Merrick Rd., 1897 Front Street, 5 Eastport Manor Rd., and 6225-6277 Route 25A. The total square footage of the portfolio is 400,000, resulting in a price per square foot of $325. The seller of the properties was Serota Properties. The transaction was facilitated by Kenneth Schuckman of Schuckman Realty.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $130,000,000
  • Address: 207-225 Merrick Rd., 1897 Front Street, 5 Eastport Manor Rd., and 6225-6277 Route 25A
  • Market: Long Island
  • Buyer: Regency Centers
  • Seller: Serota Properties
  • Broker: Kenneth Schuckman - Schuckman Realty
  • Square Footage: 400,000
  • Price per Square Foot: $325

The acquisition by Regency Centers represents a notable addition to their retail property portfolio on Long Island. With the purchase of the four properties, Regency Centers further strengthens their presence in the retail market. Serota Properties, the seller, has successfully executed this transaction, guided by Kenneth Schuckman of Schuckman Realty.

Players

Schuckman Realty
Schuckman RealtyBrokerage
Regency Centers
Regency CentersBuyer

Valley Stream Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93