Allon Avgi Acquires Retail Asset In Seaford For $1.825M
3600 Merrick Road
$1,825,000
$234/SF
Building Size
7,768 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
3600 Merrick Road is a retail asset located in Seaford, New York. The property was recently sold for $1,825,000, with a price per square foot of $235. Situated on a 15,028 square foot lot, the property features 15 surface parking spaces and 150' of frontage along Merrick Road. It is zoned as Business District (X).
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: $1,825,000
- Square Footage: 7,768
- Price Per Square Foot: $235
- Address: 3600 Merrick Road, Seaford
- Market: Seaford
Cushman & Wakefield's LI Capital Markets represented the seller in the transaction of 3600 Merrick Road. The buyer of the property is Allon Avgi. The deal was facilitated by brokers Daniel Abbondandolo, Joegy Raju, and Bruce Nelson, all from Cushman & Wakefield.
The location of 3600 Merrick Road offers convenient access to transportation options, being just a five-minute drive to the Seaford Long Island Railroad (LIRR) station and having direct access to the Seaford Oyster Bay Expressway (NY 135).
Please contact the exclusive brokers for more information regarding this transaction.
Players
Seaford 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
8.69%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93