Mario Mouzouris Acquires Retail Property At 41-14 29th Street For $3.475M With Brokers Shaun Riney, Sean Fopeano & David Cornejo
41-14 29th Street
$3,475,000
$1,390/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
May 14, 2026
AI
The property asset involved in this transaction is a retail space located at 41-14 29th Street in Long Island City. The sale price of the property was $3,475,000, and it encompasses a total of 2,500 square feet, leading to a price per square foot of $1,390.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,475,000
- Address: 41-14 29th Street
- Market: Long Island City
- Square Footage: 2,500
- Price per Square Foot: $1,390
- Buyer: Mario Mouzouris
- Seller: Scott Johnson
- Broker Representatives: Shaun Riney, Sean Fopeano & David Cornejo - Marcus & Millichap
This deal involved key individuals such as buyer Mario Mouzouris and seller Scott Johnson, with Shaun Riney, Sean Fopeano, and David Cornejo representing the brokerage firm Marcus & Millichap in the transaction.
Players
Long Island City 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
4.56%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93