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32 34 East Park Avenue

Garrett Guttenberg Purchases Retail Property From Rettner Family For $1.25M In Long Beach NY
SOLDRetail

Garrett Guttenberg Purchases Retail Property From Rettner Family For $1.25M In Long Beach NY

32 34 East Park Avenue

$1,250,000

$312/SF

Building Size

4,000 SF

Asset Type

Retail

Closing

Apr 23, 2025

AI

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:

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.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.3B

vol

205 deals

Broker

Long Beach 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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93