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3044-3050 Merrick Road

Denis Rodger Of United Properties Corp Acquires Wantagh Retail For $900,000
SOLDRetail

Denis Rodger Of United Properties Corp Acquires Wantagh Retail For $900,000

3044-3050 Merrick Road

$900,000

$192/SF

Building Size

4,683 SF

Asset Type

Retail

Closing

Mar 8, 2024

AI

The retail property located at 3044-3050 Merrick Road in Wantagh was recently sold for $900,000. This property spans 4,683 square feet, translating to a price per square foot of $192.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $900,000
  • Address: 3044-3050 Merrick Road
  • Market: Wantagh

The sale was facilitated by the brokerage team from Ripco, consisting of Stephen R. Preuss Sr., Christian Allimonos, and Andreas Efthymiou. The buyer, United Properties Corp, was represented by Denis Rodger.

Players

Andreas Efthymiou

Ripco

Broker

$1.1B

vol

128 deals

Broker

Wantagh 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

17.63%

Cash-on-Cash

-5.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93