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Tyler Leeson And Peter Deltondo Of Marcus & Millichap Represent Buyer In $20.8M Sayville Retail Sale
SOLD
$20,800,000
+ 1
New York
See Similar DealsRetail145,000 SF
Sold 09/11/2025
SOLD
Tyler Leeson And Peter Deltondo Of Marcus & Millichap Represent Buyer In $20.8M Sayville Retail Sale
5750 Sunrise Highway
See Similar DealsRetail145,000 SF
Sold 09/11/2025
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$143
Total Square Footage:145,000 SF
Transaction Type:Sale
The property involved in the transaction is a retail asset situated at 5750 Sunrise Highway in Sayville. The sale price for the property was $20,800,000. It encompasses a total area of 145,000 square feet, translating to a price per square foot of $143.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,800,000
- Square Footage: 145,000
- Price per Square Foot: $143
- Address: 5750 Sunrise Highway
- Market: Sayville
- Buyer's Representative: Tyler Leeson & Peter Deltondo - Marcus & Millichap
- Seller's Representative: Calvin Short - SRS Real Estate Partners & Jeff Christian - First Street
This transaction also includes a corporate-guaranteed triple-net lease for the retailer, which has 14 years remaining on the lease agreement. The ground lease sale was arranged by SRS Real Estate Partners.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,109,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$73,898.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$98,602.61
Annual Debt Service$1,183,231.34
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