SOLDRetail
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
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.
Westbury Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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