Yakov Melmed Sells Retail Property At 577 Larkfield Road In East Northport For $3.6M
577 Larkfield Road
$3,600,000
$333/SF
Building Size
10,800 SF
Asset Type
Retail
Closing
Jul 15, 2025
About this deal
AI
A retail asset located at 577 Larkfield Road in East Northport was sold for $3,600,000. The property spans 10,800 square feet, resulting in a price per square foot of $333.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000
- Square Footage: 10,800
- Price per Square Foot: $333
- Seller: Yakov Melmed
- Broker: Deborah Kashanian - Sotheby's International Realty
The transaction involved a 15-year lease for the 10,800 square feet of retail space. Deborah Kashanian represented the seller, Yakov Melmed, in this deal.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93