Evan Chen Purchases Retail Building From Joyce Hassard & Nancy Liu For $2.73M In Merrick
33 Sunrise Highway
$2,730,000
$682/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Jul 15, 2025
About this deal
AI
A 4,000 SF retail building, previously operated as a restaurant, was sold for $2,730,000. Located at 33 Sunrise Highway in the Merrick market, the property carries a price per square foot of $682. The sale includes parking facilities.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,730,000
- Address: 33 Sunrise Highway
- Market: Merrick
- Square Footage: 4,000
- Price per Square Foot: $682
- Buyer: Evan Chen
- Seller: Joyce Hassard & Nancy Liu
- Brokers: Thomas Donovan, Tommy Lin & Eugene Kim - Meridian Capital Group
The deal saw Evan Chen acquire the property from Joyce Hassard and Nancy Liu. The transaction was facilitated by brokers Thomas Donovan, Tommy Lin, and Eugene Kim, who represent the sellers in this deal.
On the Map
$2,730,000
$682/SF
Retail
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Players
Merrick 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
5.81%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93