Pelops Damianos Of Damianos Realty Group Acquires Retail Property In Commack For $16.1M
2160 Jericho Turnpike
$16,100,000
$305/SF
Building Size
52,679 SF
Asset Type
Retail
Closing
Apr 23, 2025
AI
A retail property located at 2160 Jericho Turnpike in Commack has been sold for $16,100,000. The asset spans 52,679 square feet, resulting in a price per square foot of $306. The property was fully leased at the time of sale.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $16,100,000
- Address: 2160 Jericho Turnpike
- Market: Commack
- Square Footage: 52,679
- Price per Square Foot: $306
- Buyer: Pelops Damianos - Damianos Realty Group
- Seller: Toy Fields LLC
- Buyer's Representative: John Finn - Damianos Realty Group
- Seller's Representative: Adam Silber - Silber Investment Properties
The acquisition adds to Damianos Realty Group's portfolio, marking its 11th property in Smithtown and its third shopping center in Suffolk County.
Players
Commack 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93