Dona Wu And Dr Louis Nkrumah Purchase Former Citizens Bank For $1.5M In East Northport
563 Larkfield Road
$1,500,000
$600/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Mar 2, 2026
AI
The property involved in this transaction is a retail asset located at 563 Larkfield Road in East Northport. The sale price for the property was $1,500,000, and it encompasses a total of 2,500 square feet, translating to a price per square foot of $600.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,500,000
- Address: 563 Larkfield Road
- Market: East Northport
- Buyer: Dona Wu & Dr Louis Nkrumah
- Seller: Bonnie Canner
- Brokers: Eitan Hakami - Greiner-Maltz Real Estate & Marissa Cosentino - Scout Realty Group
- Square Footage: 2,500
- Price per Square Foot: $600
Note that the buyers, Dona Wu and Dr. Louis Nkrumah, are affiliated with Nkrumah Neurosurgery and Spine. The property previously served as a Citizens Bank and is intended to be converted into a medical facility. Eitan Hakami represented the buyer, while the seller was represented by Marissa Cosentino.
Players
East Northport 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93