Koptiev Family Purchases Retail Property On Merrick Boulevard For $2.61M From Simkho Aranbaev

The property involved in this transaction is a retail asset located at 224-01 Merrick Boulevard in the Laurelton market. This three-tenant, corner retail strip is fully occupied and spans 6,000 square feet. The sale price of the property is $2,610,000, translating to a price per square foot of $435. The asset also features an eight-car parking lot and includes three long-term tenants.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $2,610,000
• Address: 224-01 Merrick Boulevard
• Market: Laurelton
• Square Footage: 6,000
• Price per Square Foot: $435
• Buyer: Koptiev Family
• Seller: Simkho Aranbaev
• Brokers: Scott Plasky & William Stephan - Marcus & Millichap

This transaction involved the Koptiev Family as the buyer and Simkho Aranbaev as the seller, facilitated by brokers Scott Plasky and William Stephan from Marcus & Millichap. The brokers noted the property’s composition and encouraged inquiries for similar multi-tenant retail products throughout Metro NYC.