Allon Avgi Acquires Retail Center In Coram For 144,000 SF As Buyer's Rep Joanna R. Manfro
264 Middle Country Road
Building Size
143,889 SF
Asset Type
Retail
Closing
Mar 5, 2026
About this deal
AI
The property involved in the transaction is a retail asset located at 264 Middle Country Road in Coram. This shopping center encompasses a total square footage of 143,889. The property was formerly anchored by Stop and Shop and is shadow anchored by Home Depot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 264 Middle Country Road
- Market: Coram
- Asset Size: 143,889 SF
- Buyer: Allon Avgi - AVGI
- Broker: Joanna R. Manfro
Joanna R. Manfro acted as the broker in this transaction, representing the sale of the Coram Plaza in Suffolk County, a shopping center that spans 144,000 square feet.
Coram 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93