The Beechwood Organization Acquires Retail Property In Westbury For $11M
737 Merrick Avenue North
$11,000,000
$908/SF
Building Size
12,107 SF
Asset Type
Retail
Closing
Dec 19, 2022
About this deal
AI
The retail property located at 737 Merrick Avenue North in Westbury has been sold for a total price of $11,000,000. The property spans across 12,107 square feet, resulting in a price per square foot of $909.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,000,000
- SF: 12,107
- PPSF: $909
The buyer of the property is The Beechwood Organization. The sale was facilitated by Clem Cote from Sovereign Realty Group.
The retail sale at 737 Merrick Avenue North in Westbury, New York sold for $11M in 2022. The building is 12,107 square feet, implying about 908 per square foot on the published price. Clem Coté, Sovereign Realty Group appear on the sale alongside Sovereign Realty Group. This page is the Westbury, New York file for the 737 Merrick Avenue North retail sold: pricing, party profiles, and other closed retail comps from the same Westbury sit in the Market section below. Filter that Westbury retail set by closing date to see what else sold near 737 Merrick Avenue North around 2022. Published consideration for 737 Merrick Avenue North is $11M, dated 2022. Cite this The Beechwood Organization Acquires Retail Property In Westbury For $11M sale when underwriting similar retail product around Westbury, New York.
Westbury 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93