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563 Larkfield Road

Dona Wu And Dr Louis Nkrumah Purchase Former Citizens Bank For $1.5M In East Northport
SOLDRetail

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

Eitan Hakami

Greiner-Maltz Real Estate

Broker

$21.3M

vol

10 deals

Broker

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