Denis Rodger Of United Properties Corp Acquires Wantagh Retail For $900,000
SOLD
$900,000
New York
See Similar DealsRetail4,683 SF
Sold 03/08/2024
SOLD
Denis Rodger Of United Properties Corp Acquires Wantagh Retail For $900,000
3044-3050 Merrick Road
See Similar DealsRetail4,683 SF
Sold 03/08/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$192
Total Square Footage:4,683 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$48,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
Annual Debt Service$51,197.51
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