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247 53 Jericho Turnpike

David Noor Acquires Retail Property At 247-53 Jericho Turnpike For $3.36M With Buyer’s Rep Clem Coté
SOLDRetail

David Noor Acquires Retail Property At 247-53 Jericho Turnpike For $3.36M With Buyer’s Rep Clem Coté

247 53 Jericho Turnpike

$3,360,000

$1,473/SF

Building Size

2,280 SF

Asset Type

Retail

Closing

Jun 26, 2025

AI

The property involved in this transaction is a retail asset located at 247-53 Jericho Turnpike in the Bellerose market. It has a sale price of $3,360,000 and encompasses a total of 2,280 square feet, resulting in a price per square foot of $1,473.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,360,000
  • Address: 247-53 Jericho Turnpike
  • Market: Bellerose
  • Square Footage: 2,280
  • Price per Square Foot: $1,473
  • Buyer: David Noor
  • Seller: Flagstar
  • Brokers: Dylan Walsh & Melissa Naeder - Cushman & Wakefield
  • Buyer’s Representative: Clem Coté - Sovereign Realty Group

This transaction is part of a larger 7-building portfolio that Cushman & Wakefield is actively marketing for sale throughout New York City and Long Island, indicating potential further investment opportunities for interested parties.

Players

Melissa Naeder

Cushman & Wakefield

Broker

$25.8M

vol

6 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Huntington Station 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

4.72%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93