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33 Sunrise Highway

Evan Chen Purchases Retail Building From Joyce Hassard & Nancy Liu For $2.73M In Merrick
SOLDRetail

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

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.

Players

Thomas Donovan

Meridian Capital Group

Broker

$730.7M

vol

51 deals

Broker

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