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41-14 29th Street

Mario Mouzouris Acquires Retail Property At 41-14 29th Street For $3.475M With Brokers Shaun Riney, Sean Fopeano & David Cornejo
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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

Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Scott Johnson

Scott Johnson

Seller

$56M

vol

7 deals

Seller

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