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
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