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
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