Garrett Guttenberg Purchases Retail Property From Rettner Family For $1.25M In Long Beach NY
SOLD
$1,250,000
+ 1
New York
See Similar DealsRetail4,000 SF
Sold 04/24/2025
SOLD
Garrett Guttenberg Purchases Retail Property From Rettner Family For $1.25M In Long Beach NY
32 34 East Park Avenue
See Similar DealsRetail4,000 SF
Sold 04/24/2025
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$312
Total Square Footage:4,000 SF
Transaction Type:Sale
The retail property at 32-34 East Park Avenue in Long Beach, NY, was sold for $1,250,000. The asset spans 4,000 square feet, leading to a price per square foot of $312.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,250,000
- Buyer: Garrett Guttenberg
- Seller: Rettner Family
- Brokers: Aaron Jungreis, Ben Khakshoor, Alex Fuchs & Jonah Corney - Rosewood Realty Group
This transaction was facilitated by the brokerage firm Rosewood Realty Group, represented by Aaron Jungreis, Ben Khakshoor, Alex Fuchs, and Jonah Corney, who played a critical role in the deal's negotiation and closure.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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