Evan Chen Purchases Retail Building From Joyce Hassard & Nancy Liu For $2.73M In Merrick
SOLD
$2,730,000
New York
See Similar DealsRetail4,000 SF
Sold 07/16/2025
SOLD
Evan Chen Purchases Retail Building From Joyce Hassard & Nancy Liu For $2.73M In Merrick
33 Sunrise Highway
See Similar DealsRetail4,000 SF
Sold 07/16/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$682
Total Square Footage:4,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$145,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,699.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,941.59
Annual Debt Service$155,299.11
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