Brandler Family Purchases Retail Property At 596 Franklin Avenue From Colin Family For $9.7M
596 Franklin Avenue
$9,700,000
$1,997/SF
Building Size
4,856 SF
Asset Type
Retail
Closing
Mar 5, 2026
AI
The property asset involved in the transaction is a retail space located at 596 Franklin Avenue in Franklin Square, NY. The sale price for the property was $9,700,000, featuring a total area of 4,856 square feet, which equates to a price per square foot of approximately $1,997.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,700,000
- Square Footage: 4,856
- Address: 596 Franklin Avenue
- Market: Franklin Square
The deal was facilitated by brokers Michael Kook, Michael Tuccillo, and Kenton Kim from Marcus & Millichap. The buyers were the Brandler Family, while the sellers were the Colin Family. The Tuccillo Group of Marcus & Millichap, represented by Michael Tuccillo and Kenton Kim, announced the sale and is open to inquiries for similar opportunities on Long Island.
Players
Franklin Square 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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93