Anthony Dalto Acquires Retail Property In Bohemia, NY For $3.9M

The retail property located at 4180 Veterans Memorial Highway in Bohemia, NY has been successfully sold. The asset, comprising of an Absolute NNN leased Starbucks and Anthony’s Coal Fired Pizza, was traded at the asking price of $3,928,571, with a price per square foot of $786. The property spans 5,000 square feet and boasts a desirable location directly across the street from the entrance to MacArthur Airport (ISP). The transaction reflects a 7% Cap Rate, highlighting the strength of the tenancy and the unparalleled location.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $3,928,571
• Address: 4180 Veterans Memorial Highway, Bohemia, NY
• Market: Bohemia
• Square Footage: 5,000
• Price per Square Foot: $786
• Buyer: Anthony Dalto
• Seller: Anita Zarbis
• Buyer's Representative: Daniel Abbondandolo & Joegy Raju - Cushman & Wakefield
• Seller's Representative: Judson Kauffman - NNN Pro

The successful sale was facilitated by the buyer's representatives, Daniel Abbondandolo and Joegy Raju from Cushman & Wakefield, along with the seller's representative, Judson Kauffman from NNN Pro. Their expertise and negotiation skills played a crucial role in closing the deal at the full asking price.

The transaction showcases the desirability of the property, with its prime location across from MacArthur Airport, making it an attractive investment opportunity. The combination of an Absolute NNN leased Starbucks and Anthony’s Coal Fired Pizza further adds to the appeal of this retail asset.