Ripco Brokers Complete $1.75M Sale Of Retail Property In Merrick, NY
2170 Sunrise Highway
$1,750,000
$216/SF
Building Size
8,078 SF
Asset Type
Retail
Closing
Feb 14, 2023
About this deal
AI
The retail property located at 2170 Sunrise Highway in Merrick has been sold for a price of $1,750,000. The property spans across 8,078 square feet, resulting in a price per square foot of $217.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,750,000
- Square Footage: 8,078
- Price per Square Foot: $217
- Address: 2170 Sunrise Highway
- Market: Merrick
The sale was facilitated by Stephen R. Preuss Sr. and Kevin Louie from Ripco. They represented the parties involved in the transaction.
Players
Market 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93